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Restrictions on China in Financial Organizations to Protect Taiwan

This act aims to exclude Chinese representatives from key international financial organizations if the President determines that China's actions threaten Taiwan's security or U.S. interests. This could impact the stability of the global financial system, indirectly affecting every citizen through potential changes in the world economy.
Key points
The U.S. President can order the exclusion of Chinese representatives from organizations like the G20 or the Bank for International Settlements if China threatens Taiwan.
The goal is to protect U.S. interests and Taiwan's security through economic pressure.
The act has a limited duration – a maximum of 5 years, unless the President decides to terminate it earlier.
article Official text account_balance Process page
Placed on Calendar
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Additional Information
Print number: 119_HR_1531
Sponsor: Rep. Lucas, Frank D. [R-OK-3]
Process start date: 2025-02-24
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Summarized by: gemini-2.5-flash
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 119_HR_1531.

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 2025-02-24.

What are the main provisions?

Key points include:

  • The U.S. President can order the exclusion of Chinese representatives from organizations like the G20 or the Bank for International Settlements if China threatens Taiwan.
  • The goal is to protect U.S. interests and Taiwan's security through economic pressure.
  • The act has a limited duration – a maximum of 5 years, unless the President decides to terminate it earlier.
What is the specific legal status?

The current status is Placed on Calendar.

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: Placed on the Union Calendar, Calendar No. 338.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy Security