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119-hr-7075119th CongressWALLET
Divesting from Communist China’s Military Act of 2026
Sponsored By: Representative Perry, Scott [R-PA-10]
Introduced
Summary
Accelerated listing and divestment from Chinese military-linked companies. This bill would require Treasury to add companies identified by the Defense Department to the Treasury NS-CMIC sanctions list and set firm timelines for listing and investor exits.
Show full summary
- United States persons would get a 1-year window to buy or sell publicly traded securities and related derivatives solely to divest from a newly listed company.
- Treasury would have 90 days after a DoD identification to place the entity on the Non-SDN Chinese Military-Industrial Complex Companies List and would coordinate with appropriate congressional committees.
- Entities placed on the NS-CMIC list would become subject to the prohibitions in Executive Order 13959 no later than 60 days after inclusion.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Rules for investors in Chinese military firms
If enacted, the bill would require Treasury to add companies the Defense Department identifies as Chinese military firms to a Treasury list within 90 days. Once a company is listed, the investment bans in Executive Order 13959 (as amended by EO 14032) would apply within 60 days. You would be allowed to buy or sell that company’s publicly traded securities for one year starting on the listing date, but only to divest your holdings. The bill would define covered securities to include exchange and over‑the‑counter securities in any currency and derivatives tied to them. It would also define who counts as a "United States person," including citizens, lawful permanent residents, U.S.-organized entities (including foreign branches), and anyone in the United States.
Sponsors & CoSponsors
Sponsor
Perry, Scott [R-PA-10]
PA • R
Cosponsors
Rep. Tiffany, Thomas P. [R-WI-7]
WI • R
Sponsored 1/14/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov