China Financial Threat Mitigation Act of 2023
USA118th CongressHR-1156| House
| Updated: 5/30/2023
Abigail Davis Spanberger
Democratic Representative
Virginia
Cosponsors (4)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
China Financial Threat Mitigation Act of 2023 This bill requires the Department of the Treasury, in consultation with specified federal financial agencies, to report on the exposure of the United States to the activity of China's financial sector. The report must include the effects the reforms to China's financial sector have on U.S. and global financial systems, a description of the policies the United States is adopting to protect U.S. interests, a description and analysis of any risks presented by China to the financial stability of the United States and the global economy, and recommendations for additional actions to strengthen international cooperation to mitigate risks and protect U.S. interests.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 52.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.
Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H2471-2472)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1156.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H2483-2484)
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 5 (Roll no. 229). (text: CR H2471)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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China Financial Threat Mitigation Act of 2023
USA118th CongressHR-1156| House
| Updated: 5/30/2023
China Financial Threat Mitigation Act of 2023 This bill requires the Department of the Treasury, in consultation with specified federal financial agencies, to report on the exposure of the United States to the activity of China's financial sector. The report must include the effects the reforms to China's financial sector have on U.S. and global financial systems, a description of the policies the United States is adopting to protect U.S. interests, a description and analysis of any risks presented by China to the financial stability of the United States and the global economy, and recommendations for additional actions to strengthen international cooperation to mitigate risks and protect U.S. interests.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 52.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.
Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H2471-2472)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1156.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H2483-2484)
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 5 (Roll no. 229). (text: CR H2471)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Abigail Davis Spanberger
Democratic Representative
Virginia