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Taiwan Security: Excluding China from Key International Financial Organizations.

This law directs US financial regulators to seek the exclusion of Chinese representatives from major international financial bodies (like the G20 and the Bank for International Settlements) if the President determines that China's actions threaten Taiwan's security or US interests. While this doesn't directly change domestic rules, it is a foreign policy tool designed to influence global economic governance and protect US strategic interests in Asia. The goal is to increase pressure on China regarding Taiwan.
Key points
The US will push to remove Chinese representatives from six key global regulatory bodies (including G20, FSB, Basel Committee) if threats to Taiwan arise.
The policy is triggered by a Presidential finding that China's actions endanger Taiwan's security or social/economic system.
The Act is temporary, set to expire after 5 years, unless the President terminates it earlier in the national interest.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_803
Sponsor: Rep. Lucas, Frank D. [R-OK-3]
Process start date: 2023-02-02
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

PROTECT Taiwan Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_803.

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 2023-02-02.

What are the main provisions?

Key points include:

  • The US will push to remove Chinese representatives from six key global regulatory bodies (including G20, FSB, Basel Committee) if threats to Taiwan arise.
  • The policy is triggered by a Presidential finding that China's actions endanger Taiwan's security or social/economic system.
  • The Act is temporary, set to expire after 5 years, unless the President terminates it earlier in the national interest.
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. Lucas, Frank D. [R-OK-3].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: 1/10/2024 CR H33-34)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Security