119th Congress International Affairs
S. 1053: FIGHT China Act of 2025
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
Foreign Investment Guardrails to Help Thwart China Act of 2025 or FIGHT China Act of 2025
This bill authorizes sanctions on certain foreign persons (individuals and entities) that are involved with China's defense or surveillance technology sectors. The bill also requires U.S. persons to notify the Department of the Treasury about their investments with certain foreign persons in various technologies, and (2) authorizes Treasury to prohibit U.S. persons from making investments with such foreign persons in some of these technologies.
Specifically, the President is authorized to impose property-blocking sanctions on certain foreign persons (including members of the Chinese Communist Party Central Committee, Chinese businesses, Chinese governmental entities, and businesses with equity securities primarily traded on Chinese stock exchanges) that Treasury determines to be knowingly engaged in significant operations in China's defense, defense-related material, or surveillance technology sectors.
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Additionally, the bill authorizes Treasury to bar U.S. persons from knowingly engaging in certain transactions (such as acquiring an equity interest, providing a loan, or entering into a joint venture) with most of these categories of foreign persons if they involve a prohibited technology. Prohibited technologies include those that
- develop a quantum computer;
- develop, design, or produce materials, components, or systems for hypersonic systems; or
- develop, design, or produce artificial intelligence models for use by the Chinese government.
Treasury must require U.S. persons to notify Treasury if they engage in such transactions involving a range of technologies, including the prohibited technologies.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Michael Bennet D-COOriginal
- Jim Banks R-INOriginal
- Catherine Cortez Masto D-NVOriginal
- John Fetterman D-PAOriginal
- Bill Hagerty R-TNOriginal
- Andy Kim D-NJOriginal
- Dave McCormick R-PAOriginal
- Pete Ricketts R-NEOriginal
- Charles Schumer D-NYOriginal
- Tim Scott R-SCOriginal
- Dan Sullivan R-AKOriginal
- Elissa Slotkin D-MIOriginal
- Elizabeth Warren D-MAOriginal
Who scored on this bill
- 1John Cornyn SponsorDrew cross-party cosponsors, introduced2 events+6
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Other bills by John Cornyn
History
- Introduced in the Senate by John Cornyn.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1746-1747)