Bunny Hills
L1 3.5 finance hr3136-118

National Critical Capabilities Defense Act of 2023

Why China-relevant: Def 'country of concern' means '...any country the government of which is engaged in a long-term pattern... significantly adverse to the national security of the United States... such as the People's Republic of China, the Russian Federation, Iran, North Korea, Cuba, and the regime of Nicolàs Maduro in Venezuela.' Esta

Sponsor: DeLauro, Rosa L. (D-CT) · 6 cosponsors bipartisan

Path to becoming law

  1. Introduced
  2. Passed committee
  3. Passed House
  4. Passed Senate
  5. Sent to President
  6. Became law

done next step still ahead did not advance

Legislative timeline — dated actions so far

  1. Filed
Stage: Died in the 118th Congress

Resolved. Model had estimated 1% to become law

  • + Broad cosponsorship (6 cosponsors)
  • − Sponsor is in the minority party
  • − Cosponsors are nearly all one party

Legislative likelihood — a tracking indicator, not investment advice.

Signals — secondary, directional

PRC retaliation risk high Hawkishness 1–5 4

Directional context (see Methodology); the pinned, high-confidence axes are relevance and asset impact.

Shares that might be influenced

Each sector shows a direction (which way its China-related names are pushed) and, for precise mappings, how hard this bill hits the sector — rated marginal → very strong (1–5). Hover any chip for its definition. The headline 0–5 impact is at the top of the card.

China ADRs (Broad) negative moderate (3/5) precise 286 names

Screens/prohibits US outbound investment into PRC national-critical-capabilities sectors (semiconductors, batteries, AI, quantum), pressuring China-bound capital flows.

Ticker Name (Local) Name (EN) Restriction Lists
9988.HK 阿里巴巴-W Alibaba Group Holding Limited
9618.HK 京东集团-SW JD.com, Inc.
9961.HK 携程集团-S Trip.com Group Limited
2057.HK 中通快递-W ZTO Express (Cayman) Inc.
PDD 拼多多 PDD Holdings (ADR)
9987.HK 百胜中国 Yum China Holdings, Inc.
1179.HK 华住集团-S H World Group Limited
9901.HK 新东方-S NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.
2076.HK BOSS直聘-W KANZHUN LIMITED
9896.HK 名创优品 MINISO Group Holding Limited
+276 more