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STAND with Taiwan Act of 2022

USA117th CongressHR-6484| House 
| Updated: 11/1/2022
Mike Gallagher

Mike Gallagher

Republican Representative

Wisconsin

Committees (7)
• Ways and Means Committee• Foreign Affairs Committee• Rules Committee• Trade Subcommittee• Financial Services Committee• Judiciary Committee• Immigration Integrity, Security, and Enforcement Subcommittee
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Sanctions Targeting Aggressors of Neighboring Democracies with Taiwan Act of 2022 or the STAND with Taiwan Act of 2022 This bill requires the imposition of sanctions in the event of a military invasion of Taiwan by China and addresses related issues. If the President determines that China or any of its proxies has initiated a military invasion of Taiwan, or if a joint resolution making such a determination is enacted, the bill requires the President to impose visa- and property-blocking sanctions on any foreign person who is a member of the Chinese Communist Party (CCP); the Department of the Treasury to impose property-blocking sanctions on specified foreign financial institutions, including the People's Bank of China and the China Construction Bank; Treasury to impose property-blocking sanctions on any entity affiliated with the CCP; the Securities and Exchange Commission (SEC) to prohibit the trading of the securities of an issuer affiliated with the CCP on a national securities exchange; Treasury to prohibit U.S. financial institutions from making certain investments, such as investments in an entity owned or controlled by the CCP or China's military; and the prohibition of the importation of certain goods, including goods produced wholly or in part in China or by certain entities owned or financed by the CCP. Furthermore, a depository institution or an SEC-registered securities broker or dealer may not process funds transfers (1) to or from China, or (2) for the benefit of CCP members. The bill provides various waivers and exceptions to the required sanctions and prohibitions, such as an exception for certain U.S. intelligence activities.
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Timeline
Jan 19, 2022

Latest Companion Bill Action

S 117-3526
Introduced in Senate
Jan 25, 2022
Introduced in House
Jan 25, 2022
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, the Judiciary, and Rules, 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.
Jan 25, 2022
Referred to the Subcommittee on Trade.
Nov 1, 2022
Referred to the Subcommittee on Immigration and Citizenship.
  • January 19, 2022

    Latest Companion Bill Action

    S 117-3526
    Introduced in Senate


  • January 25, 2022
    Introduced in House


  • January 25, 2022
    Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, the Judiciary, and Rules, 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.


  • January 25, 2022
    Referred to the Subcommittee on Trade.


  • November 1, 2022
    Referred to the Subcommittee on Immigration and Citizenship.

International Affairs

Related Bills

  • S 117-3526: STAND with Taiwan Act of 2022
AsiaBank accounts, deposits, capitalChinaForeign and international bankingForeign and international corporationsForeign propertyInternational organizations and cooperationLegislative rules and procedureManufacturingMilitary operations and strategyPacific OceanPolitical parties and affiliationPresidents and presidential powers, Vice PresidentsSanctionsSecuritiesSovereignty, recognition, national governance and statusTaiwanTrade restrictionsU.S. and foreign investmentsVisas and passportsWar and emergency powers

STAND with Taiwan Act of 2022

USA117th CongressHR-6484| House 
| Updated: 11/1/2022
Sanctions Targeting Aggressors of Neighboring Democracies with Taiwan Act of 2022 or the STAND with Taiwan Act of 2022 This bill requires the imposition of sanctions in the event of a military invasion of Taiwan by China and addresses related issues. If the President determines that China or any of its proxies has initiated a military invasion of Taiwan, or if a joint resolution making such a determination is enacted, the bill requires the President to impose visa- and property-blocking sanctions on any foreign person who is a member of the Chinese Communist Party (CCP); the Department of the Treasury to impose property-blocking sanctions on specified foreign financial institutions, including the People's Bank of China and the China Construction Bank; Treasury to impose property-blocking sanctions on any entity affiliated with the CCP; the Securities and Exchange Commission (SEC) to prohibit the trading of the securities of an issuer affiliated with the CCP on a national securities exchange; Treasury to prohibit U.S. financial institutions from making certain investments, such as investments in an entity owned or controlled by the CCP or China's military; and the prohibition of the importation of certain goods, including goods produced wholly or in part in China or by certain entities owned or financed by the CCP. Furthermore, a depository institution or an SEC-registered securities broker or dealer may not process funds transfers (1) to or from China, or (2) for the benefit of CCP members. The bill provides various waivers and exceptions to the required sanctions and prohibitions, such as an exception for certain U.S. intelligence activities.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 19, 2022

Latest Companion Bill Action

S 117-3526
Introduced in Senate
Jan 25, 2022
Introduced in House
Jan 25, 2022
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, the Judiciary, and Rules, 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.
Jan 25, 2022
Referred to the Subcommittee on Trade.
Nov 1, 2022
Referred to the Subcommittee on Immigration and Citizenship.
  • January 19, 2022

    Latest Companion Bill Action

    S 117-3526
    Introduced in Senate


  • January 25, 2022
    Introduced in House


  • January 25, 2022
    Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, the Judiciary, and Rules, 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.


  • January 25, 2022
    Referred to the Subcommittee on Trade.


  • November 1, 2022
    Referred to the Subcommittee on Immigration and Citizenship.
Mike Gallagher

Mike Gallagher

Republican Representative

Wisconsin

Committees (7)
• Ways and Means Committee• Foreign Affairs Committee• Rules Committee• Trade Subcommittee• Financial Services Committee• Judiciary Committee• Immigration Integrity, Security, and Enforcement Subcommittee

International Affairs

Related Bills

  • S 117-3526: STAND with Taiwan Act of 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AsiaBank accounts, deposits, capitalChinaForeign and international bankingForeign and international corporationsForeign propertyInternational organizations and cooperationLegislative rules and procedureManufacturingMilitary operations and strategyPacific OceanPolitical parties and affiliationPresidents and presidential powers, Vice PresidentsSanctionsSecuritiesSovereignty, recognition, national governance and statusTaiwanTrade restrictionsU.S. and foreign investmentsVisas and passportsWar and emergency powers