Senators Introduce Bill to Bar Blacklisted Chinese Companies From US Capital Markets

Senators Introduce Bill to Bar Blacklisted Chinese Companies From US Capital Markets
People arrive to attend the Huawei keynote address at the IFA 2020 Special Edition consumer electronics and appliances trade fair on the fair's opening day in Berlin, Germany, on Sept. 3, 2020. Sean Gallup/Getty Images
Bill Pan
Bill Pan
Reporter
|Updated:
Sens. Marco Rubio (R-Fla.) and Mike Braun (R-Ind.) on Oct. 27 introduced a bill that would ban blacklisted Chinese companies and their affiliates from accessing U.S. capital markets.
The legislation, known as the American Financial Markets Integrity and Security Act, aims to counter the “financial ambition” of Chinese companies listed on the Commerce Department’s Entity List or the Defense Department’s list of Communist Chinese military companies. If passed, the measure would prohibit those companies from being listed or traded on U.S. exchanges, and would also bar American investors, including insurance companies and retirement funds, from investing in them.