To require the Secretary of the Treasury to include any entity identified as a Chinese military company on the Non-SDN Chinese Military-Industrial Complex Companies List.
To require the Secretary of the Treasury to include any entity identified as a Chinese military company on the Non-SDN Chinese Military-Industrial Complex Companies List.
Plain Language Summary
# HR 7075 Summary **What the Bill Would Do:** This bill would require the U.S. Treasury Department to automatically add any entity identified as a Chinese military company to the "Non-SDN Chinese Military-Industrial Complex Companies List." This list is used to track and restrict business dealings with companies believed to be connected to China's military. The bill would make the listing process more automatic rather than discretionary. **Who It Affects:** The bill primarily affects U.S. companies and investors who do business internationally, as it would restrict their ability to trade with or invest in Chinese military-linked companies. It could also impact Chinese companies in the defense sector and potentially some civilian companies with military connections.
American consumers might see indirect effects if U.S. companies face new restrictions on their operations. **Current Status:** HR 7075 is currently in committee, meaning it has been introduced but hasn't yet been debated or voted on by the full House of Representatives. The bill was sponsored by Rep. Scott Perry (R-PA) in the 119th Congress.
Latest Action
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.