Us Congress 2023-2024 Regular Session

Us Congress Senate Bill SB4586

Introduced
6/18/24  

Caption

Stop Funding the CCP through A-Shares Act

Impact

The bill mandates that within 180 days of enactment, all U.S. persons must divest from covered securities. Violations of this prohibition invite substantial civil and criminal penalties, with fines potentially reaching up to $5 million for individuals acting in a professional capacity. This action highlights a broader movement towards reducing financial dependence on potentially adversarial nations and enhancing the accountability of foreign investments impacting U.S. security.

Summary

SB4586, known as the 'Stop Funding the CCP through A-Shares Act', seeks to curtail U.S. investments in certain Chinese securities that are believed to support malign activities of the Chinese Communist Party (CCP). The bill specifically prohibits U.S. persons from purchasing, selling, or owning 'A-Shares' on covered exchanges, which are under the influence of the CCP. This legislation stems from growing concerns about how such investments fuel the CCP's military and security apparatus, thereby posing significant risks to U.S. national security interests.

Contention

Opponents of the bill may argue that such sweeping prohibitions could limit economic opportunities for U.S. investors. The act places a significant emphasis on human rights violations and the potential for forced labor in China as justifications for its measures. Nevertheless, supporters maintain that the long-term national security threats outweigh these economic concerns. The bill consolidates a growing trend of financial legislation aimed at countering China's influence and safeguarding U.S. interests in international investment environments.

Companion Bills

US SB860

Related Protecting American Capital Act of 2023

Previously Filed As

US SB4913

STOP CCP Act Sanctioning Tyrannical and Oppressive People within the Chinese Communist Party Act

US SB4789

STAND with Taiwan Act of 2024 Sanctions Targeting Aggressors of Neighboring Democracies with Taiwan Act of 2024

US HB7476

Countering Communist China Act Stop CCP Fentanyl Act Countering Atrocities through Currency Accountability Act of 2024 Sanctioning Supporters of Slave Labor Act DATA Act Deterring America’s Technological Adversaries Act DITCH Act Dump Investments in Troublesome Communist Holdings Act ENABLERS Act Establishing New Authorities for Businesses Laundering and Enabling Risks to Security Act STOP CCP Act Sanctioning Tyrannical and Oppressive People within the Chinese Communist Party Act Disclosing Investments in Foreign Adversaries Act of 2024 PARSA Protecting Americans’ Retirement Savings Act Preventing Adversaries from Developing Critical Capabilities Act

US HB1225

Stop Funding JROTC at CCP-Owned Schools Act

US HB3334

STOP CCP Act Sanctioning Tyrannical and Oppressive People within the Chinese Communist Party Act

US SB2525

Stop Funding Our Adversaries Act of 2023

US SB3973

Countering China’s Political Warfare Act of 2024

US HB2113

America Supports Taiwan Act

US HB7608

CCP IP Act Combatting China’s Pilfering of Intellectual Property Act

US HB3737

Tiananmen Massacre Transparency and Accountability Act

Similar Bills

US SB4589

Safeguarding U.S. Financial Leadership Against Communist China Act

US SB1588

Taiwan Relations Reinforcement Act of 2025

US SB4913

STOP CCP Act Sanctioning Tyrannical and Oppressive People within the Chinese Communist Party Act

US HB254

American Science First Act This bill prohibits the National Science Foundation (NSF) from providing grants or other forms of assistance to certain foreign individuals and entities. Specifically, the NSF may not support any individual or entity that is affiliated or otherwise has a relationship, including but not limited to a research partnership, joint venture, or contract, with an entity included on the entity list under the Export Administration Regulations, which identifies foreign entities subject to license requirements for the export, reexport, or transfer of certain items; a Chinese military company operating in the United States or any of its territories or possessions on the list required under the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999, or required under the Mac Thornberry National Defense Authorization Act for Fiscal Year 2021, or any successor list; or any parent, subsidiary, affiliate of, or entity owned by or controlled by any such entity.

US SR796

A resolution calling for accountability for grave violations of internationally recognized human rights in Cuba and malign activities against the United States and democratic countries in the Western Hemisphere committed by the Communist regime in Cuba.

US HB3966

Think Tank and Nonprofit Foreign Influence Disclosure Act

US HB7757

China Risk Reporting Act

US HB7646

Countering China’s Political Warfare Act