# 119-s-2048: PRC Military and Human Rights Capital Markets Sanctions Act of 2025

119-s-2048, PRC Military and Human Rights Capital Markets Sanctions Act of 2025, is a 119th Congress bill sponsored by Sen. Ricketts, Pete [R-NE] (R-NE); status introduced; PRIA reads it as touching household money (as of 2026-06-06).

- Canonical: https://policyrisk.com/legislation/119-s-2048
- As of: 2026-06-06
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2048
- Congress: 119
- Title: PRC Military and Human Rights Capital Markets Sanctions Act of 2025
- Status: introduced
- Introduced: 2025-06-12
- Sponsor: Sen. Ricketts, Pete [R-NE] (R-NE)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-06-06

## Summary

**Block U.S. investment in PRC military and human-rights–linked companies.** The bill would require the President to publish a consolidated list of covered entities, bar U.S. persons from buying, selling, or holding their publicly traded securities or related derivatives, and impose mandatory divestment deadlines. - U.S. investors and households would be prohibited from owning or trading publicly listed securities or derivatives tied to covered entities and must divest within 180 days after a security is identified or after enactment if identified earlier. - Banks, brokers, asset managers, and funds would have to use a government-maintained public list with unique identifiers that the President must compile within 90 days. Firms may temporarily hold securities only to facilitate divestment under a limited carve-out. - The bill sets strong penalties. Civil fines are the greater of $250,000 or twice the transaction amount. Willful criminal violations can bring fines up to $1 million and up to 20 years in prison for individuals. - The definition of “covered entity” is broad. It links to multiple U.S. sanction and export-control lists, including OFAC Specially Designated Nationals, the NS-CMIC list, the Department of Defense Chinese military list, the BIS Entity List, Uyghur Forced Labor lists, and the Military End-User List.

## Cosponsors (1)

- Sen. McCormick, David [R-PA] (R-PA), 2026-06-04T00:00:00.000Z

## Provisions PRIA read

- Ban on Chinese-linked securities for U.S. investors: cost, high. If enacted, the President would publish one public list of "covered entities" within 90 days. Covered entities would include many Chinese firms on U.S. sanctions and export-control lists and firms under common ownership or control. If enacted, United States persons would be banned from buying, sell…

## Related bills

- 119-s-4952: Protecting American Taxpayers Act
- 119-s-4668: Protect College Sports Act of 2026
- 119-s-4378: Protecting American Taxpayers Act
- 119-s-1748: Kids Online Safety Act
- 119-s-4065: STAND with Taiwan Act of 2026
- 119-s-292: Educational Choice for Children Act of 2025

## Sources
- [119-s-2048 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2048)

## Related
- [119-s-4952: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4952)
- [119-s-4668: Protect College Sports Act of 2026](https://policyrisk.com/legislation/119-s-4668)
- [119-s-4378: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4378)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-4065: STAND with Taiwan Act of 2026](https://policyrisk.com/legislation/119-s-4065)
- [119-s-292: Educational Choice for Children Act of 2025](https://policyrisk.com/legislation/119-s-292)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2048 (as of 2026-06-06).