S.1053

Prohibits investments in certain Chinese technologies and requires notifications for U.S. investments in China.

The bill aims to protect U.S. national security by imposing sanctions on certain Chinese entities and prohibiting U.S. persons from engaging in specific transactions with these entities. It requires U.S. persons to notify the Secretary of the Treasury of investments in technologies that could pose a national security threat if developed or acquired by China. The bill also mandates annual reports to Congress on these transactions and defines terms such as "country of concern," "covered foreign person," and "prohibited technology." It authorizes the President to establish rules prohibiting U.S.