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Study on US Financial Exposure and Threats from China's Financial Sector.

This Act mandates the Secretary of the Treasury to conduct a detailed study on the United States' exposure to risks originating from the financial sector of the People's Republic of China. The goal is to assess potential threats to US and global financial stability, indirectly safeguarding citizens' savings and investments. The resulting report must include policy recommendations for the US Government to mitigate these risks and protect national interests.
Key points
Requires the Secretary of the Treasury to conduct a study on US financial exposure to China within one year of the Act's enactment.
The study must assess the effects of China's financial reforms on US and global financial systems and analyze risks to economic stability.
The report will provide recommendations for US Government actions to strengthen international cooperation and mitigate identified threats, aiming to enhance citizens' financial security.
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Expired
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Additional Information
Print number: 118_S_5347
Sponsor: Sen. Warner, Mark R. [D-VA]
Process start date: 2024-11-19
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

China Financial Threat Mitigation Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_5347.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-11-19.

What are the main provisions?

Key points include:

  • Requires the Secretary of the Treasury to conduct a study on US financial exposure to China within one year of the Act's enactment.
  • The study must assess the effects of China's financial reforms on US and global financial systems and analyze risks to economic stability.
  • The report will provide recommendations for US Government actions to strengthen international cooperation and mitigate identified threats, aiming to enhance citizens' financial security.
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. Warner, Mark R. [D-VA].

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 2025-12-26.

CATEGORIES

Economy Security