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S. 4581119th CongressIn committeeLatest action May 20, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
S 4581 gives Treasury up to one year to add companies to the Chinese military firms list after the President identifies them.
50-second read · 4 questions answered below
The Non-SDN Chinese Military-Industrial Complex Companies List identifies companies believed to be connected to China's military, and American investors are restricted from investing in those companies. Currently, no deadline requires the Treasury Department to add companies even after the President's report names them as qualifying. S 4581 would create a one-year deadline for the Secretary of the Treasury to officially add those companies and update the published list.
American investors and financial institutions are directly affected because they face restrictions on buying stock in listed companies. People holding certain mutual funds or retirement accounts that include shares of Chinese companies could also be indirectly affected.
Without a deadline, companies identified by the President's report can remain off the official list indefinitely, leaving investment restrictions unenforced. Foreign companies named for the list would face limits on their access to U.S. investment dollars once formally added.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.