Other recent rounds of U.S. sanctions have targeted Cuban leader Miguel Díaz-Canel, as well as Cuba’s military and its maritime trade sector.
Senate Majority Leader John Thune said the legislation could be passed by the Senate before the August recess.
The former Maine state Senate president quickly garnered support in the critical Senate race after the previous nominee dropped out.
The senator questioned whether foreign chipmakers must obtain U.S. approval before filling advanced chip orders from unvetted middlemen outside China.

An agency official said this gives teachers more control over their classrooms.
Vance Boelter pleaded guilty to the murders in June, avoiding the death penalty.
Lawmakers criticized the American Bar Association for pursuing policies that they say are discriminatory and undermine the legal profession.
The purpose behind the consulate’s floodlights remains unclear, but protesters said the bright lights highlighted their banners and raised public awareness.
Rubio says the expiration of 2020 emergency declaration was because ’the circumstances had changed in the President’s judgment.’

Four of the six cited local defense projects and troop pay in statements, while none mentioned the Iran strikes Senate Democrats cited in blocking the bill.
Rep. Marlin Stutzman said the U.S. needs to push back against Chinese influence, and that starts with educating the public.
The person is the third individual on the Most Wanted Fraudsters list to be captured in the past five weeks, the FBI director said.
For every dollar spent on food in the United States, farmers pocket just 5.8 cents. In the mid-20th century, that figure was 40 cents.
Dubbed ’reconciliation 3.0,' the package would fund the Iran war, provide farm aid, and fund grants for states to implement voter ID requirements.
The switch for the easy-entry, second-row outer seats might stick and cause the seats to unlatch, tip, or slide abruptly, the company said.
The European Investment Bank’s largest-ever corporate loan has drawn fresh attention to a two-decade-old U.S.–EU dispute over aircraft subsidies.
A DOJ official said the order made clear that illegal immigrants ‘do not have a constitutional right to roam free’ during their removal proceedings.
The investigation was supported by Joint Task Force Alpha, whose activities have so far resulted in the conviction of more than 419 smugglers and traffickers.
Trump’s pick for director of national intelligence will face a floor vote in the Senate following the Senate Intelligence Committee’s vote.
If the bill to end congressional stock trading passes the House, it would likely have an uphill climb in the Senate, where 60 votes are needed.
‘The consequences faced by plaintiffs are potentially severe,’ the judge said.