Chairman John Moolenaar, together with Representative Jimmy Panetta, has put forward new legislation targeting Chinese entities that support Russia's military actions in Ukraine. The legislation, referred to as the "No Limits Act," aims to address concerns over dual-use technology and financial transactions contributing to Russia's military efforts.
"The Chinese Communist Party and Russia continue to collaborate in ways that threaten American security and global stability. The NO LIMITS Act strengthens our ability to hold Chinese entities accountable—especially those supporting Russia’s defense industry and technology sectors. China’s 'no limits' embrace of Russia and support for its war in Ukraine does not go unnoticed. This bill requires known PRC military firms operating in Russia to divest within 180 days or face sanctions from the U.S. It also closes loopholes by expanding the Entity List to capture Chinese subsidiaries trying to evade U.S. sanctions. These tools will help disrupt the growing alliance between authoritarian regimes, protect American interests, and benefit the American people," said Chairman Moolenaar.
Representative Panetta further emphasized, "China’s support for Russia’s brutal war against Ukraine is a serious threat to global stability and democratic values. This bipartisan legislation provides the tools necessary to hold Chinese Communist Party entities accountable for enabling Russia’s aggression, including through sanctions on those aiding its defense and technology sectors. The United States must take the lead on confronting authoritarian coordination that endangers our allies, our interests, and the future of democracy."
The Act allows for various sanctions on entities connected to China's defense and technology sectors aiding Russia. It grants the U.S. government authority to impose penalties on PRC military firms active in Russia, requiring divestment within 180 days. It also seeks to prevent entities from circumventing sanctions through subsidiary networks.
The initiative is part of a broader strategy to address the CCP's alliances with other authoritarian regimes and to fortify U.S. national security.
