PRC Military and Human Rights Capital Markets Sanctions Act of 2024

HR 7759, the PRC Military and Human Rights Capital Markets Sanctions Act of 2024, prohibits U.S. persons from purchasing, selling, or holding securities of specific Chinese entities linked to military activities, human rights abuses, or forced labor. The bill requires the President to compile and publicly list these "covered entities" within 90 days, including entities on Treasury’s Specially Designated Nationals list, the Non-SDN CMIC List, or Department of Defense military lists. U.S. persons must divest existing holdings of these securities within 180 days of the list’s publication. Violations face civil penalties up to $250,000 per transaction or criminal fines up to $1 million for willful breaches. The law directly affects U.S. investors, financial institutions, and companies holding securities in designated Chinese entities.