119th Congress

H.R. 1716

Taiwan Conflict Deterrence Act of 2025

Introduced
In committee
Passed House
Passed Senate
To President
Became law

Sponsor: Lisa C. McClain(R-MI)
Introduced: Feb 27, 2025
Policy area: Finance and Financial Sector
Committees: House Committee on Financial Services; House Committee on Foreign Affairs; Senate Committee on Banking, Housing, and Urban Affairs
Official text: Referred in Senate · Congress.gov page

Cosponsors (1)

Original cosponsors (1)

Brad Sherman (D-CA)

Summary

Summary by the Congressional Research Service· describes the “Introduced in House” version

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.

Roll-call votes

No recorded votes on this bill.

Actions

Jul 22, 2025 · Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 21, 2025 · House
Motion to reconsider laid on the table Agreed to without objection.
Jul 21, 2025 · 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 · House
DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
Jul 21, 2025 · House
Considered under suspension of the rules. (consideration: CR H3514-3517)
Jul 21, 2025 · House
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Mar 27, 2025 · House
Placed on the Union Calendar, Calendar No. 35.
Mar 27, 2025 · House
Committee on Foreign Affairs discharged.
Mar 27, 2025 · House
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 · House
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