S. 5598 aims to regulate U.S. investments in the People's Republic of China by prohibiting and requiring notifications for specific transactions involving sensitive national security technologies. The bill gives the Secretary of the Treasury the power to prohibit, oversee, and penalize such...
Simple Explanation
The bill is like a rule that says people from the U.S. have to be careful and let the government know if they want to spend money on special tech in China because it might be dangerous. The person in charge of money in the U.S. can say no to spending on certain things and make sure everyone follows the rules, and if they don't, they might have to pay a lot of money as a punishment.