Press ReleaseNeutral2026-05-21

Sen. Rick Scott, Rep. Elise Stefanik Introduce Bill to Sanction CCP-Aligned Officials

TaxesEnvironmentForeign PolicyDefenseChina

Context

This press release from Senator Rick Scott (R-FL) was published on 2026-05-21 and titled "Sen. Rick Scott, Rep. Elise Stefanik Introduce Bill to Sanction CCP-Aligned Officials".

Full Text

Sen. Rick Scott, Rep. Elise Stefanik Introduce Bill to Sanction CCP-Aligned Officials

WASHINGTON, D.C. - Today, Senator Rick Scott and U.S. Rep. Elise Stefanik introduced the CCP Sanctions Shot Clock Act , which establishes a one-year "shot clock" to bar sanctioned Chinese Communist Party (CCP) officials from doing business on U.S. exchanges after being identified as a potential threat. The legislation requires the Secretary of the Treasury to add identified People's Republic of China (PRC) persons to the Non-SDN Chinese Military-Industrial Complex Companies (NS-CMIC) List within one year of their identification. Senator Rick Scott said, "No one working on behalf of the CCP's military interests should be doing business in this country, full stop. Communist China is our enemy and we need to wake up and start acting like it. Once someone is identified as a threat to our security and our way of life, we shouldn't wait around to hit them with sanctions. That's what this legislation fixes, and that's I am glad to be partnering with Rep. Stefanik on this effort to hold Communist China accountable." Rep. Stefanik said, "I'm proud to champion several efforts with Senator Scott (R-FL) to decouple the U.S. economy from Chinese companies that threaten our national security. This common-sense legislation ensures the Treasury Department can no longer delay action against entities tied to Communist China's malign influence and military buildup. Last year Congress asked the administration to report on Chinese companies that qualify for expanded sanctions, the CCP Sanctions Shot Clock Act will guarantee that these companies are sanctioned with the urgency America needs to respond." This story was first reported by The Epoch Times . Currently, the Fiscal Year 2026 National Defense Authorization Act (NDAA) requires the President to submit a report every two years identifying any PRC persons on specified U.S. government lists who also meet the criteria for inclusion on the Treasury's NS-CMIC List. Inclusion on the NS-CMIC list means the U.S. government has identified a person or company as connected to China's military-industrial sector, and therefore U.S. persons are prohibited from purchasing or investing in publicly traded securities of entities on the list. This legislation requires the U.S. Treasury Secretary to update the list no later than one year after the President submits the report. The NS-CMIC list has not been updated since 2021. The report must review persons on: Department of Commerce's Military End-User List FY21 NDAA's 1260H List Department of Commerce's Entity List Federal Communications Commission's Covered List Department of State's Uyghur Forced Labor Act Entity List Full text of the bill can be found HERE. ###

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Sen. Rick Scott, Rep. Elise Stefanik Introduce Bill to Sanction CCP-Aligned Officials WASHINGTON, D.C. - Today, Senator Rick Scott and U.S. Rep. Elise Stefanik introduced the CCP Sanctions Shot Clock Act , which establishes a one-year "shot clock" to bar sanctioned Chinese Communist Party (CCP) officials from doing business on U.S. exchanges after being identified as a potential threat. The legislation requires the Secretary of the Treasury to add identified People's Republic of China (PRC) persons to the Non-SDN Chinese Military-Industrial Complex Companies (NS-CMIC) List within one year of their identification. Senator Rick Scott said, "No one working on behalf of the CCP's military interests should be doing business in this country, full stop. Communist China is our enemy and we need to wake up and start acting like it. Once someone is identified as a threat to our security and our way of life, we shouldn't wait around to hit them with sanctions. That's what this legislation fixes, and that's I am glad to be partnering with Rep. Stefanik on this effort to hold Communist China accountable." Rep. Stefanik said, "I'm proud to champion several efforts with Senator Scott (R-FL) to decouple the U.S. economy from Chinese companies that threaten our national security. This common-sense legislation ensures the Treasury Department can no longer delay action against entities tied to Communist China's malign influence and military buildup. Last year Congress asked the administration to report on Chinese companies that qualify for expanded sanctions, the CCP Sanctions Shot Clock Act will guarantee that these companies are sanctioned with the urgency America needs to respond." This story was first reported by The Epoch Times . Currently, the Fiscal Year 2026 National Defense Authorization Act (NDAA) requires the President to submit a report every two years identifying any PRC persons on specified U.S. government lists who also meet the criteria for inclusion on the Treasury's NS-CMIC List. Inclusion on the NS-CMIC list means the U.S. government has identified a person or company as connected to China's military-industrial sector, and therefore U.S. persons are prohibited from purchasing or investing in publicly traded securities of entities on the list. This legislation requires the U.S. Treasury Secretary to update the list no later than one year after the President submits the report. The NS-CMIC list has not been updated since 2021. The report must review persons on: Department of Commerce's Military End-User List FY21 NDAA's 1260H List Department of Commerce's Entity List Federal Communications Commission's Covered List Department of State's Uyghur Forced Labor Act Entity List Full text of the bill can be found HERE. ###