United States, or are or come within the possession 
or control of a United States person. 
(2) INAPPLICABILITY
OF
NATIONAL
EMER-
GENCY REQUIREMENT.—The requirements of section 
202 of the International Emergency Economic Pow-
ers Act (50 U.S.C. 1701) shall not apply for pur-
poses of this section. 
SEC. 10. PROHIBITION ON TRANSFERS OF FUNDS INVOLV-
ING THE PEOPLE’S REPUBLIC OF CHINA. 
(a) IN GENERAL.—Except as provided by subsection 
(b), a depository institution (as defined in section 
19(b)(1)(A) of the Federal Reserve Act (12 U.S.C. 
461(b)(1)(A)) or a broker or dealer in securities registered 
with the Securities and Exchange Commission under the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) 
may not process transfers of funds— 
(1) to or from the People’s Republic of China; 
or 
(2) for the direct or indirect benefit of members 
of the Chinese Communist Party. 
(b) EXCEPTION.—A depository institution, broker, or 
dealer described in subsection (a) may process a transfer 
described in that subsection if the transfer— 
(1) arises from, and is ordinarily incident and 
necessary to give effect to, an underlying transaction 
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that is authorized by a specific or general license; 
and 
(2) does not involve debiting or crediting an 
Chinese account. 
SEC. 11. PROHIBITION ON LISTING OR TRADING OF CHI-
NESE ENTITIES ON UNITED STATES SECURI-
TIES EXCHANGES. 
(a) IN GENERAL.—The Securities and Exchange 
Commission shall prohibit the securities of an issuer de-
scribed in subsection (b) from being traded on a national 
securities exchange on and after the date that is 3 days 
after a covered determination is made. 
(b) ISSUERS.—An issuer described in this subsection 
is an issuer that is— 
(1) an official of or individual affiliated with the 
Chinese Communist Party; or 
(2) an entity that— 
(A) the Chinese Communist Party has an 
ownership interest in; or 
(B) is otherwise affiliated with the Chinese 
Communist Party. 
(c) DEFINITIONS.—In this section: 
(1) ISSUER; SECURITY.—The terms ‘‘issuer’’ 
and ‘‘security’’ have the meanings given those terms 
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in section 3(a) of the Securities Exchange Act of 
1934 (15 U.S.C. 78c). 
(2) NATIONAL
SECURITIES
EXCHANGE.—The 
term ‘‘national securities exchange’’ means an ex-
change registered as a national securities exchange 
in accordance with section 6 of the Securities Ex-
change Act of 1934 (15 U.S.C. 78f). 
SEC. 12. PROHIBITION ON INVESTMENTS BY UNITED 
STATES FINANCIAL INSTITUTIONS THAT BEN-
EFIT THE CHINESE COMMUNIST PARTY. 
(a) IN GENERAL.—Not later than 3 days after a cov-
ered determination is made, the Secretary of the Treasury 
shall prohibit any United States financial institution from 
making any investments described in subsection (b). 
(b) INVESTMENTS DESCRIBED.—An investment de-
scribed in this subsection is a monetary investment— 
(1) to— 
(A) an entity owned or controlled by the 
Chinese Communist Party; or 
(B) the People’s Liberation Army; or 
(2) for the benefit of any priority industrial sec-
tor identified by the Chinese Communist Party in 
the ‘‘Made in China 2025’’ plan or the ‘‘14th Five 
Year Smart Manufacturing Development Plan’’, in-
cluding— 
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(A) agriculture machinery; 
(B) information technology; 
(C) artificial intelligence, machine learning, 
and robotics; 
(D) green energy and green vehicles; 
(E) aerospace equipment; 
(F) ocean engineering and high tech ships; 
(G) railway equipment; 
(H) power equipment; 
(I) new materials; 
(J) medicine and medical devices; 
(K) fifth generation and future generation 
telecommunications and other advanced wireless 
networking technologies; 
(L) semiconductor manufacturing; 
(M) biotechnology; 
(N) quantum computing; 
(O) surveillance technologies, including fa-
cial recognition technologies and censorship 
software; 
(P) fiber optic cables; and 
(Q) mining and resource development. 
(c) UNITED STATES FINANCIAL INSTITUTION DE-
FINED.—In this section, the term ‘‘United States financial 
institution’’— 
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(1) means any financial institution that is a 
United States person; and 
(2) includes an investment company, private eq-
uity company, venture capital company, or hedge 
fund that is a United States person. 
SEC. 13. PROHIBITION ON IMPORTATION OF CERTAIN 
GOODS MADE IN THE PEOPLE’S REPUBLIC OF 
CHINA. 
(a) IN GENERAL.—Except as provided in subsection 
(b), on and after the date that is 3 days after a covered 
determination is made, all goods mined, produced, or man-
ufactured wholly or in part in the People’s Republic of 
China, or by a person working for or affiliated with an 
entity or industry wholly financed by the Chinese Com-
munist Party or in which the Chinese Communist Party 
has a majority ownership interest, shall not be entitled to 
entry at any of the ports of the United States and the 
importation of such goods is prohibited. 
(b) EXCEPTION.—The prohibition under subsection 
(a) shall not apply with respect to a good if the Presi-
dent— 
(1) determines that the good is necessary to the 
national security, economic security, or public health 
of the United States; and 
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