Chinese Military and Surveillance Company Sanctions Act of 2023

HR 760, the Chinese Military and Surveillance Company Sanctions Act of 2023, expands U.S. sanctions to block all transactions (including debt and equity financing) with Chinese military-affiliated and surveillance technology companies, moving beyond previous restrictions that only targeted public stock transactions. It requires the President to impose full asset-blocking sanctions via the Treasury’s Specially Designated Nationals (SDN) list on companies designated under updated Treasury lists or determined to support China’s military/surveillance sectors. This directly affects U.S. individuals and businesses, prohibiting them from engaging in any financial, commercial, or technological dealings with these designated entities. Exceptions include U.S. intelligence activities and the importation of physical goods, with the sanctions set to expire 7 years after enactment.