Summary

Requires the President to create and publish a single, consolidated list of specified Chinese ‘‘covered entities’’ drawn from several existing U.S. sanctions, export-control, and forced-labor lists, and bars U.S. persons from buying, selling, or holding publicly traded securities (and related derivatives/exposure products) of those entities. The law gives 90 days to publish an initial list, requires divestment by U.S. persons within 180 days of an entity’s listing, and establishes civil and criminal penalties for violations.

• Requires the President to publish a single consolidated public list of covered Chinese entities drawn from multiple existing U.S. government lists within 90 days.
• Prohibits U.S. persons from purchasing, selling, or holding publicly traded securities, derivatives, or exposure products tied to listed covered entities.
• U.S. persons must divest covered holdings within 180 days of the initial listing (or within 180 days of later additions).
• Requires identification of related entities under common ownership or control and, where possible, a unique security identifier for each entity.
• Civil penalties are up to the greater of $250,000 or twice the transaction amount; willful violations can trigger criminal fines up to $1,000,000 and up to 20 years imprisonment for individuals.
• List consolidates entries from sanctions, export-control, forced-labor, withhold-release, and military end-user lists maintained by multiple U.S. agencies.
• Places ongoing compliance burdens on financial intermediaries, asset managers, index providers, and investors who must screen and divest affected holdings.
• The act is regulatory (market access restriction) rather than an appropriation or authorization of new spending.