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Sanctions on China if Taiwan is Invaded

This act imposes severe economic and financial sanctions on China if its military invades Taiwan. This includes asset freezes, prohibitions on securities trading, and import restrictions, which could affect the availability of Chinese products and global markets.
Key points
Freezing assets and banning entry for Chinese officials and Communist Party members if Taiwan is invaded.
Blocking financial transactions with Chinese banks and entities linked to the Chinese government.
Prohibiting Chinese companies from being listed on U.S. stock exchanges and restricting U.S. financial institutions' investments in China.
Banning the import of most goods produced in China into the United States, potentially impacting product prices and availability.
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Expired
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Additional Information
Print number: 118_HR_2372
Sponsor: Rep. Gallagher, Mike [R-WI-8]
Process start date: 2023-03-29
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

STAND with Taiwan Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2372.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-29.

What are the main provisions?

Key points include:

  • Freezing assets and banning entry for Chinese officials and Communist Party members if Taiwan is invaded.
  • Blocking financial transactions with Chinese banks and entities linked to the Chinese government.
  • Prohibiting Chinese companies from being listed on U.S. stock exchanges and restricting U.S. financial institutions' investments in China.
  • Banning the import of most goods produced in China into the United States, potentially impacting product prices and availability.
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 Rep. Gallagher, Mike [R-WI-8].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Trade.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Security