STOP CCP Act of 2023

This bill prohibits U.S. individuals and entities from buying or selling stocks or investment vehicles tied to Chinese companies operating in defense, surveillance technology, or supporting China's military-industrial complex. The Treasury Department would designate covered companies, expanding an existing sanctions list (NS-CMIC List) to include subsidiaries, successors, and financial service providers for these entities. It also requires consistent application of sanctions across all relevant laws, with the President needing to notify Congress 20 days before waiving sanctions for national security reasons. The law directly affects U.S. investors, financial institutions, and companies holding or trading securities in targeted Chinese firms.