FIGHT China Act of 2025

Summary

Authorizes new Treasury and Commerce actions to identify and restrict certain China-linked companies involved in defense-related or surveillance technologies, including new sanctions and an eventual ban on U.S. persons holding securities of companies placed on a specified OFAC list. Provides funding and limited hiring flexibilities for Treasury (with some funds transferable to Commerce), requires repeated reports to Congress on whether specified PRC entities meet the criteria for sanctions or listing, and ties the Act’s duration to a regulatory change removing the People’s Republic of China from a Commerce "foreign adversaries" rule.

• Provides $150 million per year for two years to Treasury (transferable to Commerce) to implement the law and conduct outreach.
• Creates new IEEPA-based sanctions authorities to block property and transactions of designated China-linked entities involved in defense or surveillance technologies.
• Requires extensive initial and recurring reports to Congress about PRC entities and their qualification for OFAC's Non‑SDN Chinese Military‑Industrial Complex Companies List.
• Directs the President to ban U.S. persons from knowingly holding securities of entities on the OFAC list beginning 365 days after enactment, with a limited divestment exception.
• Authorizes limited direct-hire flexibilities to appoint up to 15 people to competitive service roles without standard hiring rules.
• Allows case-by-case waivers of the securities prohibition for national security or foreign policy reasons, with required congressional notice and briefings.
• Act remains in force until Commerce removes the PRC from the "foreign adversaries" regulation; severability preserves other provisions if part is invalidated.
• Includes a placeholder to add a new investment-related prohibition/notification provision to the Defense Production Act, but the operative text is not provided in the excerpt.