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Bill Aims to Keep US Investors Away From Blacklisted CCP Officials
This post was originally published on this site.
U.S. lawmakers are introducing legislation that would prohibit American investors from funding companies controlled by Chinese Communist Party (CCP) officials on the U.S. blacklist.
The legislation, shared with The Epoch Times ahead of its release, would direct the Treasury Secretary Scott Bessent to add blacklisted Chinese individuals to his department’s Non-SDN Chinese Military-Industrial Complex Companies List (NS-CMIC) within one year of their identification.
“No one working on behalf of the CCP’s military interests should be doing business in this country,” Sen. Rick Scott (R-Fla.) said in a statement to The Epoch Times on May 21.
The NS-CMIC list, managed by the Treasury Department’s Office of Foreign Assets Control, aims to identify companies linked to the Chinese regime’s military sector….
The legislation, shared with The Epoch Times ahead of its release, would direct the Treasury Secretary Scott Bessent to add blacklisted Chinese individuals to his department’s Non-SDN Chinese Military-Industrial Complex Companies List (NS-CMIC) within one year of their identification.
“No one working on behalf of the CCP’s military interests should be doing business in this country,” Sen. Rick Scott (R-Fla.) said in a statement to The Epoch Times on May 21.
The NS-CMIC list, managed by the Treasury Department’s Office of Foreign Assets Control, aims to identify companies linked to the Chinese regime’s military sector….
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