An Act relative to municipal unemployment insurance reform

194th Legislature (2025-2026) Introduced by Mike Moore

S. 1359 aims to sanction transactions tied to certain Chinese entities or policies deemed pernicious, but the bill’s definitions and enforcement details are not yet provided.

Reporting date extended to Thursday July 30, 2026

Overview

Bill number and title: S. 1359, Sanction Transactions Originating from Pernicious Chinese Companies and Policies Act of 2025, also known as the STOP CCP Act of 2025.

Status: Introduced in the Senate.

Introduction date: April 8, 2025.

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

Prime sponsor: Rick Scott (primary).

Cosponsors: Cindy Hyde-Smith and Marsha Blackburn.

Purpose and Intent

The bill’s name indicates an aim to sanction transactions originating from certain Chinese companies and policies deemed pernicious. The exact definitions, criteria for “pernicious,” and the scope of sanctions are not provided in the available introduction text.

The intended policy direction appears to focus on restricting financial or transactional activity linked to targeted Chinese entities or policy actions, though specific mechanisms are not disclosed in the introduction.

Key Provisions (Current Status)

Substantive provisions are not included in the introduction text provided here. As introduced, the text only establishes the bill’s title and its basic reframing of policy—namely, sanctions on transactions originating from certain Chinese entities/policies.

Because the full bill text is not available in this filing, there are no disclosed definitions (e.g., what constitutes “pernicious” companies or policies), no listed enforcement tools, penalties, or reporting requirements, and no procedural deadlines beyond the standard committee referral process.

Who and What Would Be Affected (Implied)

Based on the title, the bill would likely affect:

Financial institutions and firms engaged in cross-border transactions with identified Chinese companies or linked to specified Chinese policies.
Government agencies responsible for sanctions enforcement and compliance.
Potentially, sectors involved in international trade and finance, depending on the final definitions and scope.

Note: Specific entities, sectors, and exemptions would depend on the final text of the bill.

Legislative History and Timeline

Introduced: April 8, 2025.

Immediate action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs on the same day.

Next steps (typical process): If the committee reports the bill, it would proceed to the Senate floor for debate and vote. If passed, it would move to the House (where a companion bill or identical text would be needed for enactment) and, if approved, proceed to the President for signature or veto. Timelines depend on committee action and floor scheduling.

Takeaway

S. 1359 signals an intent to impose sanctions related to transactions tied to Chinese entities or policies deemed pernicious. The current information reflects only the bill’s introduction, sponsor details, and committee referral; the substantive provisions, definitions, and enforcement mechanisms will determine the bill’s real-world impact.

Bill