Overview

• The legislation builds on Treasury Department rules set to take effect January 2, which restrict U.S. investments in Chinese artificial intelligence and other sensitive technology sectors.
• Provisions in the bill include a study of vulnerabilities in U.S.-based modems and routers and a mandate to review Chinese property purchases near national security-sensitive sites.
• The Federal Communications Commission would be required to list all entities with foreign adversarial government ownership holding FCC licenses or authorizations.
• Lawmakers have criticized U.S. investment flows into Chinese companies believed to support China's military development, citing risks to national security.
• China has warned that such measures could destabilize global supply chains and called on the U.S. to avoid politicizing economic and trade issues.