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The COINS Act of 2024 authorizes the President to impose sanctions on Chinese entities and individuals 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 to threaten national security. The bill establishes a framework for identifying covered foreign persons, requires congressional notification of waivers, and appropriates $150 million to Treasury and Commerce for implementation and industry outreach over two years.
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