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Bill

Bill

S 1053

FENCES – Amends existing law to provide for landowner responsibility for erecting and maintaining fences adjoining federal lands.

68th Legislature, 1st Regular Session (2025)

Imposes sanctions and investment safeguards on China-linked deals to curb U.S. national-security risks, requires alerts for covered investments, and restricts MICC dealings.

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Bill Summary · S 1053

Summary: S. 1053 — FIGHT China Act of 2025

Bill at a glance
- Title: FIGHT China Act of 2025 (Foreign Investment Guardrails to Help Thwart China Act of 2025)
- Status: Introduced in the Senate on March 13, 2025; Read twice and referred to the Committee on Banking, Housing, and Urban Affairs
- Principal sponsor: John Cornyn; multiple co-sponsors (including Catherine Cortez Masto, Michael Bennet, Tim Scott, Elizabeth Warren, Andy Kim, Dan Sullivan, Jim Banks, David McCormick, Charles Schumer, Pete Ricketts, Elissa Slotkin, Bill Hagerty)
- Companion bill: HR 2246

What this bill aims to do
- Create “guardrails” to shore up U.S. protections against national security risks associated with Chinese investments and activities.
- Establish sanctions and investment-related safeguards to address what the bill describes as covered national security transactions involving China.
- Implement specific securities-related requirements tied to Chinese companies, including those not on traditional sanction lists but deemed part of the Chinese military-industrial complex.

Key provisions by title
- Title I — Imposition of sanctions
- Sec. 101: Imposition of sanctions
- Sec. 102: Definitions (defines terms used for sanctions implementation)
- Purpose: Authorize and structure sanctions against entities or activities linked to China that threaten U.S. national security.

  • Title II — Prohibition and notification on investments relating to covered national security transactions

    • Sec. 201: Prohibition and notification on investments relating to covered national security transactions
    • Purpose: Prohibit certain investments and require notification for transactions deemed to involve covered national security interests.
  • Title III — Securities and related matters

    • Sec. 301: Requirements relating to the Non-SDN Chinese Military-Industrial Complex Companies List
    • Purpose: Establish or reference requirements for securities dealings with entities on a list of Chinese Military-Industrial Complex companies that are not Specially Designated Nationals (Non-SDN MICC List).

Administrative and structural provisions
- Sec. 2: Secretary defined (clarifies which U.S. official implements or administers provisions)
- Sec. 3: Severability
- Sec. 4: Authorization of appropriations (funding to implement the Act)
- Sec. 5: Termination (sunset or termination provisions)

Who and what is affected
- U.S. investments and investors engaging with Chinese entities, particularly those tied to national security or military-industrial sectors
- U.S. financial institutions and intermediaries involved in reporting, compliance, or enforcement related to the identified transactions
- Chinese companies, including those on the Non-SDN MICC List, and related securities markets

Procedural and timeline notes
- Introduced March 13, 2025; referred to the Committee on Banking, Housing, and Urban Affairs
- Status reflects early-stage legislative action; no floor passage or committee report details provided
- Related legislation: HR 2246 serves as a companion bill

Potential impact and considerations
- Could broaden U.S. sanctions and investment screening related to China
- Likely increases reporting/notification burdens for investment transactions
- May affect flows of capital into certain Chinese firms, especially MICC-linked and national-security-sensitive entities
- Could influence financial markets through new compliance requirements and risk assessments for investors with exposure to Chinese securities

Note: This summary reflects the bill text and stated structure as introduced; final content and effect could evolve with amendments during the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

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