Bunny Hills
L2 1.5 tech hr8413-119

SECURE Data Act

Why China-relevant: SECURE Data Act (65K chars); 'covered nation' = 10 U.S.C. 4872(f) = China in consumer data privacy operative restrictions; 4 mentions; prohibits controller from processing/storing/selling consumer personal data to covered nation entities; comprehensive data privacy framework with China-inclusive restriction.

Sponsor: Joyce, John (R-PA) · 8 cosponsors

Path to becoming law

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

done next step still ahead

Legislative timeline — dated actions so far

  1. Filed
Stage: In committee

1% to become law · 13% to clear committee

  • + Broad cosponsorship (8 cosponsors)
  • + Sponsored by a member of the majority party
  • − Cosponsors are nearly all one party

Legislative likelihood — a tracking indicator, not investment advice.

Signals — secondary, directional

PRC retaliation risk medium Hawkishness 1–5 2

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.

Social Media negative moderate (3/5) precise 364 names

Data sovereignty restrictions targeting covered nations (PRC) directly affect Chinese-owned apps and platforms operating in US market

Ticker Name (Local) Name (EN) Restriction Lists
0700.HK 腾讯控股 Tencent Holdings 1260H
9999.HK 网易-S NetEase, Inc.
9888.HK 百度集团-SW Baidu, Inc.
1024.HK 快手-W Kuaishou Technology
1698.HK 腾讯音乐-SW Tencent Music Entertainment Group
002602.SZ 世纪华通 CENTURY HUATONG
002027.SZ 分众传媒 FOCUS MEDIA
688387.SS 信科移动-U CICT MOBILE
300058.SZ 蓝色光标 BLUEFOCUS
9626.HK 哔哩哔哩-W Bilibili Inc.
+354 more
China ADRs (Broad) negative modest (2/5) precise 286 names

Consumer data transfer restrictions to PRC create compliance barriers for Chinese tech companies processing US user data

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