Directs the Securities and Exchange Commission to indefinitely suspend trading of securities of certain Chinese military companies.
The bill mandates the Securities and Exchange Commission to indefinitely suspend trading of securities for companies listed by the Department of Defense on the Chinese military companies list for two consecutive years. The Commission must issue necessary regulations and orders to enforce this suspension, including identifying affected securities, timing, administration, and enforcement of the prohibition. The Commission cannot establish criteria for inclusion on the list, impose unauthorized requirements, or regulate outside the scope of this bill.
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