US HB1795

Requires the President to impose sanctions on foreign telecommunications companies that produce 5G or future generation technology and conduct business contrary to U.S. national security interests, blocking their property and transactions within the United States

Sanctions take effect 90 days after enactment and are implemented using International Emergency Economic Powers Act authorities, with violations subject to the same penalties as IEEPA violations

Exempts authorized U.S. intelligence activities, humanitarian assistance transactions including food, medicine, and agricultural commodities from sanctions

Allows the President to waive sanctions for renewable 90-day periods if deemed vital to national security, with required reporting to Congress

Excludes participation in international standards-setting bodies and transactions involving existing 3G or 4G networks from the definition of sanctionable transactions