Protecting U.S. Investors From Chinese Military Companies Act
Requires the SEC to indefinitely suspend trading in securities of companies that remain on a Defense Department list for two annual revisions.
In the Senate Banking, Housing, and Urban Affairs Committee since Sept. 30, 2026, 8 days after it was introduced. Most bills never leave committee.
- INTRODUCEDINTROSEP 30, 2026
- COMMITTEECOMM.IN COMMITTEE
- SENATESENATE—
- HOUSEHOUSE—
- LAWLAW—
What the bill would do, and why it matters
The bill concerns whether securities of companies identified as Chinese military companies can be traded. It would require the SEC to suspend trading in some companies' securities indefinitely after they remain on a Defense Department list for two annual revisions. It also sets out a notice process for a specified case in which trading is not suspended.
- INTRODUCED ONLY This bill has been introduced and possibly referred to a committee, but it has not passed any vote. Most introduced bills never become law — they die in committee without a hearing.
- DATA NOTE No Congressional Research Service summary was available.
- Suspends trading in listed companies
The SEC would have to indefinitely suspend trading in a company's securities within 10 days after a Defense Department revision of its list, if the company remained on that list for two annual revisions.
- Requires notice when trading is not suspended
Within 10 days after Treasury's Office of Foreign Assets Control adds a covered Chinese military company to its Non-SDN Chinese Military-Industrial Complex Companies List, the SEC would have to tell the relevant congressional committees that it did not suspend trading in the company's securities.
- Limits the SEC's implementation rules
The SEC could issue only rules and orders needed to identify covered securities, administer and enforce the trading prohibition, apply the exception, and provide required notices. Federal laws governing administrative rulemaking and judicial review would not apply to these rules.
The bill's title states that its aim is to protect U.S. investors from Chinese military companies. Its practical effect would be to restrict trading in certain companies' securities, while requiring Congress to be notified when the SEC does not suspend trading in a specified case.
Written from the bill text.
The path it took, step by step
- IntroducedSEP 30, 2026SENATESEP 30, 2026By Sen. Scott with 1 original cosponsorReferred to Banking, Housing, and Urban Affairs
- SAME DAYNOWSenate committeeSEP 30, 2026BANKING, HOUSING, & URBAN AFFAIRS NOWSEP 30, 2026In committee for 8 daysNo hearing yet
- 8 DAYS SO FARPassed the Senate—SENATE FLOOR—Not scheduled
- House committee—HOUSE—
- Passed the House—HOUSE FLOOR—Not scheduled
- Resolve differencesONLY IF NEEDEDBOTH CHAMBERSONLY IF NEEDEDSkipped if the other chamber passes the same text
- Signed into law—PRESIDENT—10 days to sign or veto
- SEP 302026SEP 30, 2026REFERREDRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- SEP 302026SEP 30, 2026INTRODUCEDSENATEIntroduced in Senate
At day 8, this bill is already older than 3% of the laws passed this Congress were when they were signed.
Where your members stand on it
Support from one state
Plus the sponsor, a Republican. Every cosponsor is from one party.
Plus the sponsor, a Republican. Every cosponsor is from one party.
Sen. Scott’s record: sponsored 189 bills this Congress. 18 passed the Senate; 0 became law.
- Kevin CramerR-NDORIGINAL
What readers think
Discussion
Get an alert when it changes stage, gets a floor vote in the Senate, or is signed into law.