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Deter PRC Support to the Russian War Effort Act

Source: Congress.gov  ·  4,310 words in original text
This bill gives the President power to impose sanctions on Chinese people and companies that send weapons, military equipment, or financial support to Russia. It also allows sanctions against those who help Russia avoid existing American or international sanctions. ##
Chinese citizens and companies that send military support to Russia, Russian companies receiving such support, U.S. financial institutions, the Export-Import Bank, international financial institutions, and any U.S. person dealing with sanctioned Chinese entities. ##
- The President can impose sanctions on Chinese people or companies if they knowingly export weapons, military technology, or financial support to Russia that helps Russia conduct military operations in Ukraine (Sec. 4(a)(1)(A)) - The President can impose sanctions on Chinese people or companies that help Russia evade or avoid U.S. or international sanctions (Sec. 4(a)(1)(B)) - Sanctions can include freezing property and money in the United States, denying visas, prohibiting U.S. loans, blocking investment, and preventing government contracts (Sec. 4(b)) - The President can waive sanctions if doing so serves the national interest of the United States (Sec. 4(d)) - U.S. intelligence activities and law enforcement activities are exempt from these sanctions rules (Sec. 4(c)) ##
If this bill becomes law, the President gains new authority to target Chinese entities supporting Russia's military. U.S. banks cannot loan money to sanctioned Chinese companies. The U.S. government cannot buy goods or services from them. Sanctioned individuals cannot enter the United States and will have their visas cancelled. ##
- "PRC person" means any Chinese citizen, Chinese company, the Chinese government, the Chinese Communist Party, or Chinese state-owned enterprises (Sec. 4(f)(3)) - "Financial, material, or technological support" is defined in federal regulations under title 31, Code of Federal Regulations, section 542.304 (Sec. 4(f)(2)) - "United States person" means U.S. citizens, permanent residents, and U.S. companies or their foreign branches (Sec. 4(f)(6)) ##
The bill takes effect on the date it becomes law and expires on whichever comes first: the date the President determines the Ukraine conflict has ended or 2 years after the bill becomes law (Sec. 5)
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.