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S1359119th CongressWALLET

STOP CCP Act of 2025

Sponsored By: Senator Scott, Rick [R-FL]

Introduced

Summary

Blocks U.S. investment in Chinese defense and surveillance companies. This bill would bar U.S. persons from buying, selling, or supporting trades in publicly traded securities of Chinese entities tied to the defense and surveillance sectors and would broaden Treasury sanctions tools.

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  • Individual investors: U.S. citizens, lawful permanent residents, and U.S.-organized entities would be prohibited from purchasing or selling covered publicly traded securities, including derivatives. The ban would also target transactions meant to evade the restriction and conspiracies to violate it.
  • Brokers and financial firms: Firms would be barred from executing, supporting, or servicing prohibited trades and would need to change compliance and transaction monitoring to avoid facilitation or evasion.
  • Treasury and sanctions regime: The Treasury would have 180 days to expand the Non-Specially Designated Nationals Chinese Military-Industrial Complex Companies List to add entities that support the Chinese military-industrial complex, their owners, successors, and financial-service providers. The bill would require sanctions imposed under one statute or order to apply under other relevant statutes and orders unless waived by the President, who must give at least 20 days' notice and report to Congress on waivers and terminations.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 0 benefits, 2 costs, 1 mixed.

Ban on US investment in Chinese defense firms

If enacted, the bill would bar a United States person from buying or selling publicly traded securities of certain Chinese defense or surveillance firms. "United States person" would include U.S. citizens, lawful permanent residents, entities formed under U.S. law, and anyone in the United States. "Publicly traded securities" would include exchange and over-the-counter shares and derivatives or products that give exposure to them. The ban would also bar helping, servicing, or hiding trades that try to evade the rule. This would take effect upon enactment.

Treasury to expand China sanctions list

If enacted, Treasury would have 180 days to expand OFAC's Chinese military-industrial complex list. The list would add entities that support China's military-industrial complex. It would also add entities they own or control and successors from spin-offs, mergers, or sales. The list would cover firms that provide financial services to those entities.

Broader sanctions rules and waivers

If enacted, the bill would require that when sanctions apply to a Chinese entity under one law or order, they apply under all other applicable laws or orders. The President could waive those cross-applied sanctions for national security after certifying and notifying Congress at least 20 days before the waiver takes effect. The President must also report to Congress within 20 days after any sanction ends, explaining the termination and reasons.

Sponsors & CoSponsors

Sponsor

Scott, Rick [R-FL]

FL • R

Cosponsors

  • Sen. Blackburn, Marsha [R-TN]

    TN • R

    Sponsored 4/8/2025

  • Sen. Hyde-Smith, Cindy [R-MS]

    MS • R

    Sponsored 4/8/2025

Roll Call Votes

No roll call votes available for this bill.

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