Sanctions on China for Taiwan Invasion: Financial and Trade Blockade
This bill requires the imposition of sanctions with respect to China if the People's Liberation Army initiates a military invasion of Taiwan. The legislation mandates prohibitions on investments by US financial institutions in specific Chinese economic sectors and bans the trading of securities of Chinese entities on US exchanges. The goal is to use economic and financial instruments as a deterrent measure.
Key points
Post-Invasion Sanctions: Within 3 days of a determination of an invasion of Taiwan, the US must impose sanctions on Chinese officials, CCP members, and state-owned banks (including the People's Bank of China).
Financial Restrictions: Prohibition on opening and maintaining correspondent accounts in the US for Chinese financial institutions and blocking of their property.
Exchange Ban: Prohibition on trading securities of Chinese entities affiliated with the government or the Communist Party on US securities exchanges.
Investment Ban: US financial institutions will be prohibited from investing in entities affiliated with the Chinese government or sectors identified in the 'Made in China 2025' plan (e.g., AI, semiconductors).
Suspension of Trade Relations: Products from China will lose Normal Trade Relations treatment with the US.
Energy Export Ban: Prohibition on the export of US-produced energy and energy products to China.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.