H.R. 1716
119th Congress
Taiwan Conflict Deterrence Act of 2025
1
Cosponsors
18
Actions
0
Amendments
3
Committees
—
Since introduced
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
22 juillet 2025·1 year ago
Summary
Introduced in House · Updated 11 juin 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
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
22 juillet 2025 · IntroReferral
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
21 juillet 2025 · Floor
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 juillet 2025 · Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
21 juillet 2025 · Floor
Considered under suspension of the rules. (consideration: CR H3514-3517)
21 juillet 2025 · Floor
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
21 juillet 2025 · Floor
Motion to reconsider laid on the table Agreed to without objection.
21 juillet 2025 · Floor
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
27 mars 2025 · Committee
Committee on Foreign Affairs discharged.
27 mars 2025 · Discharge
Committee on Foreign Affairs discharged.
27 mars 2025 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
27 mars 2025 · Committee
Placed on the Union Calendar, Calendar No. 35.
27 mars 2025 · Calendars
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
5 mars 2025 · Committee
Committee Consideration and Mark-up Session Held
5 mars 2025 · Committee
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 février 2025 · IntroReferral
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 février 2025 · IntroReferral
Introduced in House
27 février 2025 · IntroReferral
Introduced in House
27 février 2025 · IntroReferral
Sponsorship
1 cosponsors
Sponsor
Republican:Rep. McClain, Lisa C. [R-MI-9]MICosponsors
- Democrat1100%
- Democrat:Rep. Sherman, Brad [D-CA-32]CA
Classification
Policy area
Finance and Financial SectorLegislative subjects
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
Track Taiwan Conflict Deterrence Act of 2025 as it moves through Congress
Get alerts on votes, amendments, and stock-market impact