Assessing US Financial Exposure to China's Financial Sector Risks.
This Act mandates the Secretary of the Treasury to conduct a detailed study on the exposure of the United States to risks originating from China's financial sector. The goal is to better understand potential threats to US and global financial stability, indirectly safeguarding citizens' savings and investments. The report must include recommendations for actions the US government should take to mitigate these risks and strengthen international cooperation.
Key points
Mandatory Study: The Treasury Secretary must assess how risks in China's financial sector affect the US and global financial systems.
Financial Stability Protection: The report will describe US policies adopted to protect the nation's financial stability from these assessed risks.
Increased Transparency: The study includes evaluating the reliability and completeness of economic data provided by the People's Republic of China.
Action Recommendations: The report will propose additional steps the US should take to monitor and mitigate financial stability risks.
Introduced
Additional Information
Print number: 119_S_1113
Sponsor: Sen. Warner, Mark R. [D-VA]
Process start date: 2025-03-25