The ban starts in 180 days and is repealed after 15 years
What the document says“(1) shall take effect on the date that is 180 days after the date of enactment of this Act; and (2) are repealed on the date that is 15 years after the effective date under paragraph (1).”
The section provides that the prohibition and the enforcement provisions take effect 180 days after enactment and are repealed 15 years after that effective date.
What the document actually says“(1) shall take effect on the date that is 180 days after the date of enactment of this Act; and (2) are repealed on the date that is 15 years after the effective date under paragraph (1).”
The ban starts 180 days after this law passes. It is wiped off the books 15 years after that.
The delay gives investors time to adjust. The end date is written into the law. Congress must act again to keep the ban going.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.