US HB1486

Requires the Secretary of State to submit a report within 90 days identifying Chinese persons or entities supplying critical components to Russia's defense industrial base, including semiconductors that support Russia's military capabilities in Ukraine

Authorizes the President to impose sanctions on foreign adversary entities that engage in economic or industrial espionage against U.S. trade secrets, provide material support to foreign adversaries' military or intelligence entities, or violate U.S. export control laws

Sanctions include blocking property and financial transactions in the U.S., revoking visas, and making sanctioned individuals inadmissible to the United States

Cites Department of State findings that China exported $25-50 million in additional semiconductors to Russia monthly in late 2023, plus $50-100 million monthly to known transshipment hubs, supporting Russia's military reconstitution

Provides exceptions for U.S. intelligence activities, international obligations including UN headquarters agreements, and law enforcement activities, with presidential waiver authority for 180-day renewable periods based on national security interests