If enacted, HB2914 would significantly alter the landscape of U.S. sanctions against entities from China, particularly those involved in sectors that directly assist Russia's military. The proposed legislation outlines the process by which sanctions can be enforced, aiming to disrupt financing channels and technology transfers that bolster Russia's military strength. This could lead to heightened tensions between the U.S. and China, emphasizing economic security concerns as a central focus of U.S. foreign policy.
Summary
House Bill 2914, titled the 'NO LIMITS Act of 2025', focuses on imposing sanctions against individuals and entities in the People's Republic of China (PRC) that are believed to support Russia's military efforts, particularly in the context of the ongoing invasion of Ukraine. The bill empowers the President to impose various sanctions on foreign individuals or entities that engage in activities undermining U.S. national security, including malicious cyber actions and aiding Russia’s defense capabilities through technology transfer.
Contention
The bill has faced scrutiny regarding its potential to exacerbate relations between the U.S. and the PRC. Critics argue that while the sanctions could deter unlawful cooperation between Chinese entities and Russia, they may also undermine business relations and create retaliatory measures from the Chinese government. The effectiveness of such sanctions might depend on international collaboration, which could be challenged by differing global perspectives on the Ukraine conflict and China’s role in it.
A bill to mobilize United States strategic, economic, and diplomatic tools to confront the challenges posed by the People's Republic of China and to set a positive agenda for United States economic and diplomatic efforts abroad, and for other purposes.
To protect the national security of the United States by imposing sanctions with respect to certain persons of the People's Republic of China and prohibiting and requiring notifications with respect to certain investments by United States persons in the People's Republic of China, and for other purposes.