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US Financial Sanctions Against China to Deter Taiwan Aggression

This act imposes financial sanctions on China if it takes aggressive actions against Taiwan. US citizens may experience indirect effects, such as changes in the availability of certain Chinese applications or restrictions on investing in Chinese companies, aimed at protecting US security and economic interests.
Key points
Blocking of property of Chinese individuals and entities involved in aggression against Taiwan.
Prohibition for US persons to invest in Chinese military companies and sanctioned entities.
Restrictions on trading securities of Chinese companies on US stock exchanges.
Prohibition of transactions with selected Chinese mobile applications, such as Alipay or WeChat Pay, and digital currencies issued by China.
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Expired
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Additional Information
Print number: 117_S_3735
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2022-03-02
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3735.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-02.

What are the main provisions?

Key points include:

  • Blocking of property of Chinese individuals and entities involved in aggression against Taiwan.
  • Prohibition for US persons to invest in Chinese military companies and sanctioned entities.
  • Restrictions on trading securities of Chinese companies on US stock exchanges.
  • Prohibition of transactions with selected Chinese mobile applications, such as Alipay or WeChat Pay, and digital currencies issued by China.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Scott, Rick [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Security Economy