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HR 1716 119th Congress House Finance and Financial Sector 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

Taiwan Conflict Deterrence Act of 2025

Introduced: February 27, 2025 Introduced by: McClain, Lisa C. Republican · Michigan See on congress.gov
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 Everywhere this bill has been 14 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 21, 2025
Motion to reconsider laid on the table Agreed to without objection.
Jul 21, 2025
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
Jul 21, 2025
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, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
Jul 21, 2025
Considered under suspension of the rules. (consideration: CR H3514-3517)
Jul 21, 2025
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Mar 27, 2025
Placed on the Union Calendar, Calendar No. 35.
Mar 27, 2025
Committee on Foreign Affairs discharged.
Mar 27, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
Mar 5, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
Mar 5, 2025
Committee Consideration and Mark-up Session Held
Feb 27, 2025
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, 2025
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now July 22, 2025

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Cosponsors 1
All 1 Democratic 1