COINS Act of 2024
The COINS Act of 2024 restricts U.S. investments in Chinese military-industrial companies to address national security concerns. It prohibits U.S. persons from engaging in "covered national security transactions" involving prohibited technologies like advanced semiconductors, artificial intelligence, and quantum computing, and requires divestment from securities on the Non-SDN Chinese Military-Industrial Complex Companies List within one year. The law establishes notification requirements for certain transactions, creates a public database of covered entities, and mandates annual reports to Congress on implementation and national security impacts. This affects U.S. investors, financial institutions, and Chinese companies deemed to pose security risks through their activities in sensitive technology sectors.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
President
Introduced Dec 20, 2024
Last action Dec 20, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Dec 20, 2024
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Dec 20, 2024
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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