1. Short title This Act may be cited as the PRC Accountability and Divestment Act of 2023 . 2. Authority of State or local governments to divest from certain entities that invest in China (a) Sense of Congress It is the sense of Congress that the United States should support the decision of any State or local government that for moral, prudential, or reputational reasons divests from, or prohibits the investment of assets of the State or local government in, a person that engages in investment activities in the People’s Republic of China, as described in subsection (c). (b) Authority To divest Notwithstanding any other provision of law, a State or local government may adopt and enforce measures that meet the requirements of subsection (d) to divest the assets of the State or local government from, or prohibit investment of the assets of the State or local government in, any person that the State or local government determines, using credible information available to the public, engages in investment activities in the People’s Republic of China described in subsection (c). (c) Investment activities described A person described in this subsection engages in investment activities in the People’s Republic of China if the person has an investment in any of the following: (1) A Chinese entity— (A) designated by Executive Order 13959 ( 50 U.S.C. 1701 note; relating to addressing the threat from securities investments that finance Communist Chinese military companies); (B) designated by Executive Order 14105 (88 Fed. Reg. 54867; relating to addressing United States investments in certain national security technologies and products in countries of concern); or (C) included in the List of Specially Designated Nationals and Blocked Persons maintained by the Office of Foreign Assets Control. (2) A Chinese entity— (A) included on the Non-SDN Chinese Military-Industrial Complex Companies List (NS–CMIC List) maintained by the Office of Foreign Assets Control of the Department of the Treasury under Executive Order 14032