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STAND with Taiwan Act of 2022

USA117th CongressS-3526| Senate 
| Updated: 1/19/2022
Dan Sullivan

Dan Sullivan

Republican Senator

Alaska

Cosponsors (1)
Roger Marshall (Republican)

Banking, Housing, and Urban Affairs Committee

  • 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
Introduced in Senate
Jan 19, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 1, 2022

Latest Companion Bill Action

HR 117-6484
Referred to the Subcommittee on Immigration and Citizenship.
  • January 19, 2022
    Introduced in Senate


  • January 19, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • November 1, 2022

    Latest Companion Bill Action

    HR 117-6484
    Referred to the Subcommittee on Immigration and Citizenship.

International Affairs

Related Bills

  • HR 117-6484: 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 CongressS-3526| Senate 
| Updated: 1/19/2022
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
Introduced in Senate
Jan 19, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 1, 2022

Latest Companion Bill Action

HR 117-6484
Referred to the Subcommittee on Immigration and Citizenship.
  • January 19, 2022
    Introduced in Senate


  • January 19, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • November 1, 2022

    Latest Companion Bill Action

    HR 117-6484
    Referred to the Subcommittee on Immigration and Citizenship.
Dan Sullivan

Dan Sullivan

Republican Senator

Alaska

Cosponsors (1)
Roger Marshall (Republican)

Banking, Housing, and Urban Affairs Committee

International Affairs

Related Bills

  • HR 117-6484: 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