STOP CCP Act of 2023

S 852, the STOP CCP Act of 2023, bans U.S. investors (including citizens, residents, and U.S.-based entities) from buying or selling stocks in Chinese companies operating in defense or surveillance technology sectors. It requires the Treasury Secretary to expand the existing sanctions list to include companies supporting China's military-industrial complex and their successors or affiliates. The bill also mandates that if sanctions apply under one law, they must apply under all relevant laws unless the President specifically waives them and reports the reason to Congress within 20 days. This law directly affects U.S. investors and financial institutions managing portfolios containing securities of targeted Chinese entities.