H.R. 1716

119th Congress

In Committee

Taiwan Conflict Deterrence Act of 2025

Sponsored byRepublican:Rep. McClain, Lisa C. [R-MI-9]MI· Introduced 27 February 2025
Open on Congress.gov

1

Cosponsors

18

Actions

0

Amendments

3

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

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

22 July 2025·1 year ago

Summary

Introduced in House · Updated 11 June 2025

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.

Timeline

18 actions

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

    22 July 2025 · IntroReferral

  2. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)

    21 July 2025 · Floor

  3. 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)

    21 July 2025 · Floor

  4. DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.

    21 July 2025 · Floor

  5. Considered under suspension of the rules. (consideration: CR H3514-3517)

    21 July 2025 · Floor

  6. Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

    21 July 2025 · Floor

  7. Motion to reconsider laid on the table Agreed to without objection.

    21 July 2025 · Floor

  8. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.

    27 March 2025 · Committee

  9. Committee on Foreign Affairs discharged.

    27 March 2025 · Discharge

  10. Committee on Foreign Affairs discharged.

    27 March 2025 · Committee

  11. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.

    27 March 2025 · Committee

  12. Placed on the Union Calendar, Calendar No. 35.

    27 March 2025 · Calendars

  13. Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.

    5 March 2025 · Committee

  14. Committee Consideration and Mark-up Session Held

    5 March 2025 · Committee

  15. 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.

    27 February 2025 · IntroReferral

  16. 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.

    27 February 2025 · IntroReferral

  17. Introduced in House

    27 February 2025 · IntroReferral

  18. Introduced in House

    27 February 2025 · IntroReferral

Sponsorship

1 cosponsors

Sponsor

Republican:Rep. McClain, Lisa C. [R-MI-9]MI

Cosponsors

  • Democrat1100%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

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

Committees

3

  • Financial Services Committee

    House · Standing

    • Referred To27 Feb 2025
    • Markup By5 Mar 2025
    • Reported By27 Mar 2025

  • Foreign Affairs Committee

    House · Standing

    • Referred To27 Feb 2025
    • Discharged From27 Mar 2025

  • Banking, Housing, and Urban Affairs Committee

    Senate · Standing

    • Referred To22 Jul 2025

Reports

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