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© 2026 Govwatch

S3640Referred to Committee

Divesting from Communist China’s Military Act of 2026

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-01-14
Introduced
4
Cosponsors
S
ⓘ
Type

Sponsor

Rick Scott
Rick Scott
Republican · FL · Senator
Votes with party: 74.3% (888 recorded votes)
Top industries funding sponsor:
  • Conservative Groups$380k

Full profile: /officials/S001217

Source: Congress.gov · FEC

Cosponsors (4)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Ashley Moody (R-FL)Original· 2026-01-14
  • Jim Banks (R-IN)Original· 2026-01-14
  • Ted Cruz (R-TX)Original· 2026-01-14
  • David McCormick (R-PA)· 2026-05-14

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-01-14

Source: Congress.gov

Committee Activity

Currently in

  • Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2026-01-14

Previously

  • Banking, Housing, and Urban Affairs CommitteeReferred To · 2026-01-14

Plain-English Summary

The legislation would require the federal government and certain pension funds to stop investing in Chinese companies that support the country's military or defense sector. This would affect retirement savings for federal employees, military personnel, and potentially state pension funds by restricting where their money can be invested. The goal is to prevent American retirement savings from financially supporting Chinese military development.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • S5377A bill to amend the Congressional Budget and Impoundment Control Act of 1974 to establish certain procedures for consideration of appropriation bills, and for other purposes.
    Referred to Committee · 2026-08-07
  • S5315Trade Deficit Elimination Act of 2026
    Referred to Committee · 2026-08-06
  • S1735Permitting Transparency and Accountability Act
    Referred to Committee · 2026-08-06
  • S5230Make SWAPs Efficient Act of 2026
    Referred to Committee · 2026-08-04