HR 1531

PROTECT Taiwan Act

Summary

Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act or the PROTECT Taiwan Act This bill requires certain federal entities to seek to exclude China from six international financial organizations if the President informs Congress that China's actions threaten Taiwan and pose a danger to U.S. interests. Specifically, the bill establishes that it is U.S. policy to seek to exclude Chinese representatives from participating in the activities of six international organizations if the President informs Congress that China's actions pose any (1) threat to Taiwan's security, economic system, or social system; and (2) danger to U.S. interests. The six specified organizations are  the Group of Twenty, the Bank for International Settlements, the Financial Stability Board, the Basel Committee on Banking Supervision, the International Association of Insurance Supervisors, and the International Organization of Securities Commissions. In the event that the President so informs Congress, the bill requires the Department of the Treasury, the Federal Reserve, and the Securities and Exchange Commission to take all necessary steps to advance the exclusion policy. The President may waive the application of this policy to an organization if doing so is in the national interest of the United States.

Bill status

Status
Passed House
Sponsor
Rep. Frank D. Lucas [R-OK-3]
Cosponsors
2
Policy area
International Affairs
Introduced
2025-02-24
Latest action
2026-02-11: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Committee referrals

Recent actions

  • 2026-02-11: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
  • 2026-02-09: Motion to reconsider laid on the table Agreed to without objection.
  • 2026-02-09: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 395 - 2 (Roll no. 58). (text: CR H2078-2079)
  • 2026-02-09: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 395 - 2 (Roll no. 58). (text: CR H2078-2079)
  • 2026-02-09: Considered as unfinished business. (consideration: CR H2082-2083)

Votes