Simple Functions
LEGISLATION/H.R. 1716

Taiwan Conflict Deterrence Act of 2025

119-HR-1716119th CongressIntroduced Feb 27, 2025Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Rep. McClain, Lisa C. [R-MI-9](R-MI-9)
1 cosponsor

Summary

Taiwan Conflict Deterrence Act of 2025

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.

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. These requirements are subject to specified exemptions and waivers.

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.

Subjects

AsiaBank accounts, deposits, capitalBanking and financial institutions regulationChinaCongressional oversightDiplomacy, foreign officials, Americans abroadForeign and international bankingFraud offenses and financial crimesMilitary operations and strategyTaiwan

Actions (18)

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 22, 2025Senate
Motion to reconsider laid on the table Agreed to without objection.
Jul 21, 2025House floor actions
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
Jul 21, 2025House floor actions
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)
Jul 21, 2025Library of Congress
DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
Jul 21, 2025House floor actions
Considered under suspension of the rules. (consideration: CR H3514-3517)
Jul 21, 2025House floor actions
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Jul 21, 2025House floor actions
Placed on the Union Calendar, Calendar No. 35.
Mar 27, 2025House floor actions
Committee on Foreign Affairs discharged.
Mar 27, 2025House floor actions
Committee on Foreign Affairs discharged.
Mar 27, 2025Library of Congress
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
Mar 27, 2025House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
Mar 27, 2025Library of Congress
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
Mar 5, 2025House committee actions
Committee Consideration and Mark-up Session Held
Mar 5, 2025House committee actions
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.
Feb 27, 2025House floor actions
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.
Feb 27, 2025House floor actions
Introduced in House
Feb 27, 2025Library of Congress
Introduced in House
Feb 27, 2025Library of Congress
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