{"@context":"https://schema.org","@type":"Legislation","name":"Hong Kong Autonomy Act","description":"

Hong Kong Autonomy Act

This bill imposes sanctions on foreign individuals and entities that materially contribute to China's failure to preserve Hong Kong's autonomy.

Hong Kong is part of China but has a largely separate legal and economic system with protections for civil rights such as freedom of speech. This arrangement is enshrined in (1) the Joint Declaration, a 1984 treaty pertaining to the United Kingdom's transfer of Hong Kong's sovereignty to China; and (2) the Basic Law, Hong Kong's constitutional document.

The Department of State shall report annually to Congress information about (1) foreign individuals and entities that materially contributed to China's failure to comply with the Joint Declaration or the Basic Law; and (2) foreign financial institutions that knowingly conducted a significant transaction with such identified individuals and entities. An individual, entity, or financial institution may be excluded from this report for various reasons, such as to protect an intelligence source.

The President shall impose property-blocking sanctions on an individual or entity named in a report, and visa-blocking sanctions on a named individual. The President shall impose various sanctions on a financial institution named in a report, such as prohibiting the institution from receiving loans from a U.S. financial institution.

The President may waive or terminate the imposition of sanctions under this bill. Congress may override such a waiver or termination by passing a joint resolution of disapproval.

","legislationIdentifier":"HR 7440","legislationType":"Bill","legislationLegalForce":"InForce","legislationJurisdiction":"USA","legislationPassedBy":{"@type":"GovernmentOrganization","name":"United States Congress"},"author":[{"@type":"Person","name":"Brad Sherman","url":"https://legisdaily.com/mp/brad-sherman-us"}],"about":{"@type":"Thing","name":"International Affairs"},"keywords":"Asia, Banking and financial institutions regulation, China, Congressional oversight, Corporate finance and management, Foreign and international banking, Foreign loans and debt, Foreign property, Hong Kong, Human rights, Intelligence activities, surveillance, classified information, International monetary system and foreign exchange, Legislative rules and procedure, News media and reporting, Presidents and presidential powers, Vice Presidents, Protest and dissent, Rule of law and government transparency, Sanctions, Sovereignty, recognition, national governance and status, Trade restrictions, U.S. and foreign investments, Visas and passports, War and emergency powers","dateModified":"2025-06-03T00:00:00.000Z","url":"https://legisdaily.com/bill/USA-116-HR-7440"}