Washington, May 23 -- Two senior Republican lawmakers in the United States have introduced new legislation aimed at blocking American investment in companies tied to Chinese Communist Party (CCP) officials and entities accused of supporting Beijing's military ambitions, as reported by The Epoch Times.

According to The Epoch Times, the proposed legislation, introduced by Senator Rick Scott and Representative Elise Stefanik, would require Treasury Secretary Scott Bessent to update the Treasury Department's Non-SDN Chinese Military-Industrial Complex Companies (NS-CMIC) List within one year of identifying blacklisted Chinese individuals.

The NS-CMIC List, overseen by the Treasury Department's Office of Foreign Assets Control, identifies co...