It's a bill of attainder, which is unconstitutional in the USA. May or may not be struck down in court.
While this bill does refer to a specific organization, it doesn't punish them for past actions, but rather constrains US companies in the future. That is perfectly ok as shown in cases like Huawei v. United States or Kaspersky Lab, Inc. v. DHS. Like Kaspersky, it's "prophylactic, not punitive."
This is a totally bunk argument. If you want an argument that does work against the constitution, SCOTUS' "empty shell" or Lysander Spooner's "Constitution of no authority" are of far more weight, but have more disturbing implications (e.g. You can disregard it completely; our system is precisely the "odious arbitrariness" the founders denounced).