,,ii #aahth ,,congress #ast ,session ,s4 #heb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #af1 #bjbc,mr4 ,scott of ,florida 7for himself1 ,mr4 ,braun1 and ,mr4 ,hagerty7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to prohibit securities investments that finance certain companies of the ,people's ,republic of ,china and to expand the ,non-,specially ,designated ,nationals ,chinese ,military-,industrial ,complex ,companies ,list of the ,office of ,foreign ,assets ,control1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,sanction ,transactions ,originating from ,pernicious ,chinese ,companies and ,policies ,act of #bjbc or the ,,stop ,,ccp ,act of #bjbc4 #b4 ,definitions ,in this ,act3 7#a7 ,chinese entity ,the term ,chinese entity means an entity organized under the laws of the ,people's ,republic of ,china or otherwise subject to the jurisdiction of the ,government of the ,people's ,republic of ,china4 7#b7 ,publicly traded securities ,the term publicly traded securities includes-- 7,a7 any security 7as defined in section #c7;a7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;c7a777 denominated in any currency that trades on a securities exchange1 or through the method of trading that is commonly referred to as over-the-counter1 in any jurisdiction2 and 7,b7 any security that is derivative of or designed to provide investment exposure to a security described in subparagraph 7,a74 7#c7 ,united ,states person ,the term ,united ,states person means-- 7,a7 an individual who is a ,united ,states citizen or an alien lawfully admitted for permanent residence to the ,united ,states2 7,b7 an entity organized under the laws of the ,united ,states or any jurisdiction within the ,united ,states1 including a foreign branch of such an entity2 or 7,c7 any person in the ,united ,states4 #c4 ,prohibition on securities investments that finance certain companies of the ,people's ,republic of ,china ,the following activities by a ,united ,states person are prohibited3 7#a7 ,the purchase or sale of any publicly traded securities1 or any publicly traded securities that are derivative of such securities or are designed to provide investment exposure to such securities1 issued by any person determined by the ,secretary of the ,treasury1 in consultation with the ,secretary of ,state1 and1 as the ,secretary of the ,treasury deems appropriate1 the ,secretary of ,defense-- 7,a7 to operate or have operated in the defense and related materiel sector or the surveillance technology sector of the economy of the ,people's ,republic of ,china2 or 7,b7 to own or control1 or to be owned or controlled by1 directly or indirectly1 a person described in subparagraph 7,a74 7#b7 ,the execution1 support1 or servicing of a purchase or sale described in paragraph 7#a74 7#c7 ,any transaction that evades or avoids1 has the purpose of evading or avoiding1 causes a violation of1 or attempts to violate the prohibition under paragraph 7#a74 7#d7 ,any conspiracy formed to violate the prohibition under paragraph 7#a74 #d4 ,expansion of ,non-,specially ,designated ,nationals ,chinese ,military-,industrial ,complex ,companies ,list ,not later than #ahj days after the date of the enactment of this ,act1 the ,secretary of the ,treasury shall prescribe regulations to expand the ,non-,specially ,designated ,nationals ,chinese ,military-,industrial ,complex ,companies ,list 7commonly referred to as the ,,ns-,,cmic ,list7 of the ,office of ,foreign ,assets ,control to include-- 7#a7 any entity engaged in supporting the ,chinese military-industrial complex2 7#b7 any entity that is owned or controlled by an entity described in paragraph 7#a72 7#c7 any entity that is formed from a spin-off1 merger or acquisition1 or sale of a business unit involving an entity described in paragraph 7#a7 or is otherwise a successor to such an entity2 and 7#d7 any entity that provides financial services for an entity described in paragraph 7#a71 7#b71 or 7#c74 #e4 ,closing sanctions loopholes 7a7 ,in general ,if sanctions are imposed with respect to a ,chinese entity under any statute or ,executive order described in subsection 7b71 sanctions shall be imposed with respect to the ,chinese entity under each other applicable statute and ,executive order described in subsection 7b7 unless-- 7#a7 the ,president waives the imposition of such sanctions2 or 7#b7 a waiver provided for under such other statute or ,executive order applies4 7b7 ,statutes and executive orders described ,a statute or ,executive order described in this subsection is a statute or ,executive order that provides for the imposition of sanctions4 7c7 ,national security waiver 7#a7 ,in general ,the ,president may waive the application of any sanction imposed with respect to any person under subsection 7a7 if the ,president determines and certifies to ,congress that such a waiver is important to the national security interests of the ,united ,states4 7#b7 ,notification of and report to ,congress ,if the ,president decides to exercise the waiver authority provided under paragraph 7#a71 the ,president shall1 not less than #bj days before the waiver takes effect1 submit to ,congress a report-- 7,a7 notifying ,congress of the decision to exercise the waiver authority2 and 7,b7 fully articulating the rationale and circumstances that led to the decision4 7d7 ,termination of sanctions ,to be reported to ,congress ,not later than #bj days after the termination of any sanction under subsection 7a71 the ,president shall promptly submit to ,congress a report on that termination and the reasons for the termination4