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.
