Govoptes

HR 1716 ยท Taiwan Conflict Deterrence Act of 2025

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

Introduced
Feb 27, 2025
Latest action
Jul 22, 2025
Sponsor
Rep. Lisa C. McClain [R-MI-9]
Policy area
Finance and Financial Sector
Cosponsors
1

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.

Recent actions

  1. Jul 22, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jul 21, 2025 Motion to reconsider laid on the table Agreed to without objection.
  3. Jul 21, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
  4. 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)
  5. Jul 21, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
  6. Jul 21, 2025 Considered under suspension of the rules. (consideration: CR H3514-3517)
  7. Jul 21, 2025 Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  8. Mar 27, 2025 Placed on the Union Calendar, Calendar No. 35.

Votes

No recorded votes are available for this bill.

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