COINS Act of 2024
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Summary
The COINS Act of 2024 authorizes the President to impose sanctions on foreign persons from China (including Hong Kong and Macau) involved in defense, military-industrial, or surveillance technology sectors, and prohibits U.S. persons from making certain investments in Chinese companies in sensitive technology areas deemed threats to national security. The bill establishes a regulatory framework requiring notifications to Congress for investment waivers and creates enforcement mechanisms through the Treasury Department and Department of Commerce.
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