PRC Military and Human Rights Capital Markets Sanctions Act of 2025

This bill aims to keep U.S. investors from owning or trading certain stocks and similar investments tied to “covered entities” named by the federal government. Within 90 days after it becomes law, the President must publish a public list of these entities and block U.S. persons from buying, selling, or holding their publicly traded securities, related derivatives, or funds that provide exposure to them .

If you already own any of these investments, you must sell them within 180 days of the law taking effect (or within 180 days of when a company is later added to the list). You can make trades needed to unwind and exit these positions. Breaking the rules can bring steep civil fines and, for willful violations, criminal penalties that can include up to a $1,000,000 fine and up to 20 years in prison for individuals .

• Who is affected: U.S. persons, including everyday investors and financial firms .
• What changes: No buying, selling, or holding of listed companies’ publicly traded securities, their derivatives, or investment products that give exposure to them; required sell-off of any holdings; penalties for violations; allowance for trades made only to exit positions .
• When it starts: The list must be public within 90 days of enactment; investors then have 180 days to sell affected holdings (or 180 days from any later listing) .