NO LIMITS Act of 2024

HR 8043, the NO LIMITS Act of 2024, would authorize sanctions against Chinese companies providing material support to Russia's defense sector, including specific entities like AVIC, Huawei, and automobile exporters Chery and Haval. The bill requires the President to impose sanctions on Chinese military companies operating in Russia and creates new export controls on certain dual-use technologies that could contribute to Russia's military capabilities. It would take effect 90 days after enactment, with specific requirements for the Treasury to determine which Chinese arms manufacturers should face sanctions. The legislation directly affects Chinese entities with business ties to Russia's defense industry and aims to prevent technology transfers that could aid Russia's military operations in Ukraine.