The draft law is expected to be submitted for its first reading at the bimonthly session of the National People's Congress (NPC) standing committee scheduled for June, state- run Xinhua news agency reported.
The Commission for Legislative Affairs of the NPC standing committee, however, did not disclose the new regulations which are being contemplated.
China adopted laws covering its national flag and national emblem in 1990 and 1991 respectively.
The national anthem is 'March of the Volunteers', with lyrics by poet Tian Han and music composed by Nie Er.
Under China's Advertisement Law, the national anthem is off limits to advertisers.