Stop Funding the CCP through A-Shares Act
This bill prohibits U.S. investors from purchasing or selling securities listed on Chinese stock exchanges (Shanghai, Shenzhen, and Beijing), which the bill claims are connected to the Chinese Communist Party's military and security apparatus. It requires U.S. persons to divest from these securities within 180 days of enactment. The law imposes civil penalties of up to $250,000 or twice the transaction amount, and criminal penalties including up to 20 years in prison for individuals and fines up to $25 million for organizations. The bill also requires the Treasury Secretary to submit regular reports to Congress on implementation and U.S. investments in China. This legislation directly affects U.S. investors, financial institutions, and investment managers who hold or trade these specific Chinese securities.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
President
Introduced Jun 18, 2024
Last action Jun 18, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 18, 2024
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Jun 18, 2024
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Rick Scott
RRepublican
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