What this bill does
AI plain-language summaryThis bill allows the President to freeze the property of certain foreign individuals and businesses that are involved in China's defense or surveillance technology industries, including members of the Chinese Communist Party Central Committee and companies traded on Chinese stock exchanges. It also gives the Department of the Treasury the power to block Americans from making investments, loans, or joint ventures with these foreign persons when the deals involve certain technologies like quantum computers, hypersonic systems, or artificial intelligence models meant for use by the Chinese government. On top of that, the bill requires Americans to report to Treasury when they make these kinds of technology-related deals.
Your Vote
Discussion (0)
Explain what is at stake in this bill.
No comments yet. Be the first.