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Mandatory Sanctions on China for Taiwan Invasion: Trade and Financial Blockade.

This bill aims to deter China from invading Taiwan by mandating immediate, catastrophic economic sanctions if a military invasion occurs. Should the invasion happen, US citizens would experience consequences such as a ban on nearly all imports from China, the blocking of US investments in key Chinese industrial sectors, and severe restrictions on financial transactions with China. The goal is to protect US interests and global stability through the preemptive threat of economic paralysis for the aggressor.
Key points
Automatic Sanctions Trigger: If Taiwan is invaded, the US must immediately impose sanctions on Chinese officials, state-owned banks, and entities affiliated with the Communist Party.
Trade and Investment Ban: The law mandates prohibiting the import of most goods from China into the US and banning US financial institutions from investing in critical Chinese industrial sectors (e.g., AI, semiconductors).
Financial Restrictions: Chinese companies will be delisted from US exchanges, and US banks will be prohibited from processing most fund transfers to and from China.
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Additional Information
Print number: 118_S_1027
Sponsor: Sen. Sullivan, Dan [R-AK]
Process start date: 2023-03-29