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Taiwan Conflict Deterrence Act: Financial Reports and Restrictions

This act aims to deter Chinese aggression towards Taiwan by requiring the U.S. government to publish reports on the financial connections of senior Chinese officials and their families. This could impact international financial transactions, though it does not directly affect U.S. citizens.
Key points
The U.S. government will publish reports on the assets and bank accounts of senior Chinese officials who may influence Taiwan.
U.S. financial institutions may be prohibited from engaging in significant transactions with these officials and their immediate families if their funds are linked to illicit means.
The U.S. President can waive these requirements in certain situations, such as for national security purposes.
article Official text account_balance Process page
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1716
Sponsor: Rep. McClain, Lisa C. [R-MI-9]
Process start date: 2025-02-27
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Taiwan Conflict Deterrence Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1716.

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 2025-02-27.

What are the main provisions?

Key points include:

  • The U.S. government will publish reports on the assets and bank accounts of senior Chinese officials who may influence Taiwan.
  • U.S. financial institutions may be prohibited from engaging in significant transactions with these officials and their immediate families if their funds are linked to illicit means.
  • The U.S. President can waive these requirements in certain situations, such as for national security purposes.
What is the specific legal status?

The current status is Passed House.

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. McClain, Lisa C. [R-MI-9].

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: CR H3514-3515)

Is this summary verified?

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

CATEGORIES

Security Economy