{"bill":{"id":"119-hr-1716","congress":119,"type":"HR","number":1716,"title":"Taiwan Conflict Deterrence Act of 2025","originChamber":"House","introducedDate":"2025-02-27","sponsors":[{"bioguideId":"M001136","fullName":"Rep. McClain, Lisa C. [R-MI-9]","party":"R","state":"MI","district":9}],"cosponsorsCount":1,"latestAction":{"actionDate":"2025-07-22","text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs."},"policyArea":"Finance and Financial Sector","subjects":["Asia","Bank accounts, deposits, capital","Banking and financial institutions regulation","China","Congressional oversight","Diplomacy, foreign officials, Americans abroad","Foreign and international banking","Fraud offenses and financial crimes","Military operations and strategy","Taiwan"],"actions":[{"date":"2025-07-22","text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","type":"IntroReferral","chamber":"Senate","hasVote":false},{"date":"2025-07-21","text":"Motion to reconsider laid on the table Agreed to without objection.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-07-21","text":"On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-07-21","text":"Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)","type":"Floor","chamber":"Library of Congress","hasVote":false},{"date":"2025-07-21","text":"DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-07-21","text":"Considered under suspension of the rules. (consideration: CR H3514-3517)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-07-21","text":"Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-03-27","text":"Placed on the Union Calendar, Calendar No. 35.","type":"Calendars","chamber":"House floor actions","hasVote":false},{"date":"2025-03-27","text":"Committee on Foreign Affairs discharged.","type":"Discharge","chamber":"House floor actions","hasVote":false},{"date":"2025-03-27","text":"Committee on Foreign Affairs discharged.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2025-03-27","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.","type":"Committee","chamber":"House floor actions","hasVote":false},{"date":"2025-03-27","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2025-03-05","text":"Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-03-05","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-02-27","text":"Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-02-27","text":"Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-02-27","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-02-27","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Taiwan Conflict Deterrence Act of 2025</strong></p><p>This bill, in the event of a threat to U.S. interests by China, (1) requires additional reporting on the domestic and foreign financial activity of specified Chinese officials, and (2) prohibits certain financial transactions with specified Chinese officials.</p><p>Upon a determination by the President that such a threat exists, the bill requires the Department of the Treasury to (1) report to Congress on funds held by certain members of the Chinese Communist Party, including the total amount of funds, a description of the funds, and a list of related financial institutions; and (2) brief Congress on how these funds were acquired and any illicit or corrupt means employed to acquire or use the funds.&nbsp;These requirements are subject to specified exemptions and waivers.</p><p>After such a report is made, Treasury must prohibit significant transactions between U.S. financial institutions and these individuals (and their immediate family, if appropriate). The bill provides exceptions for intelligence, law enforcement, and national security activities. The President may waive the prohibition under certain circumstances.</p>","updateDate":"2025-10-09T00:11:26Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":764,"ts":"2026-04-15T17:42:17.164Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=Taiwan%20Conflict%20Deterrence%20Act%20of%202025"}]}}