AIRSHIP Act of 2023

This bill requires the U.S. Treasury Department to add five specific Chinese companies and three individuals to U.S. sanctions lists within 90 days of enactment. It directly affects those entities and persons, including aerospace firms like Beijing Nanjiang Aerospace and individuals such as a Chinese aerospace scientist and corporate executives. The key mechanism mandates formal inclusion on the "Non-SDN Chinese Military-Industrial Complex Companies List" and the "Specially Designated Nationals" list, expanding existing sanctions. This follows a 2023 incident where a Chinese spy balloon collected data near U.S. military sites, though the bill itself focuses on the sanctions action, not the incident. The policy change creates new financial restrictions for these designated Chinese entities and individuals.