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STAND with Taiwan Act of 2023

USA118th CongressHR-2372| House 
| Updated: 12/17/2024
Mike Gallagher

Mike Gallagher

Republican Representative

Wisconsin

Cosponsors (1)
Nick LaLota (Republican)
Committees (6)
• Ways and Means Committee• Foreign Affairs Committee• Rules Committee• Trade Subcommittee• Financial Services Committee• Judiciary Committee
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Sanctions Targeting Aggressors of Neighboring Democracies with Taiwan Act of 2023 or the STAND with Taiwan Act of 2023 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 certain senior officials of China's government and the Chinese Communist Party (CCP); the Department of the Treasury to impose property-blocking sanctions on specified foreign financial institutions, including banks under the jurisdiction of China and in which China's government holds an interest; Treasury to impose property-blocking sanctions on any entity affiliated with China's government or the CCP; the Securities and Exchange Commission (SEC) to prohibit the trading of the securities of an issuer affiliated with China's government or 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 China's government, the CCP, or China's military; 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 China's government or the CCP; and a prohibition on any depository institution or SEC-registered securities broker or dealer processing funds transfers to or from China or for the benefit of Chinese government officials or CCP members.
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Timeline

Bill from Previous Congress

HR 117-6484
STAND with Taiwan Act of 2022
Mar 29, 2023
Introduced in House
Mar 29, 2023
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.
Jul 25, 2024

Latest Companion Bill Action

S 118-4789
Introduced in Senate
Dec 17, 2024
Referred to the Subcommittee on Trade.
  • Bill from Previous Congress

    HR 117-6484
    STAND with Taiwan Act of 2022


  • March 29, 2023
    Introduced in House


  • March 29, 2023
    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.


  • July 25, 2024

    Latest Companion Bill Action

    S 118-4789
    Introduced in Senate


  • December 17, 2024
    Referred to the Subcommittee on Trade.

Crime and Law Enforcement

Related Bills

  • S 118-4789: STAND with Taiwan Act of 2024
  • S 118-1027: STAND with Taiwan Act of 2023

STAND with Taiwan Act of 2023

USA118th CongressHR-2372| House 
| Updated: 12/17/2024
Sanctions Targeting Aggressors of Neighboring Democracies with Taiwan Act of 2023 or the STAND with Taiwan Act of 2023 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 certain senior officials of China's government and the Chinese Communist Party (CCP); the Department of the Treasury to impose property-blocking sanctions on specified foreign financial institutions, including banks under the jurisdiction of China and in which China's government holds an interest; Treasury to impose property-blocking sanctions on any entity affiliated with China's government or the CCP; the Securities and Exchange Commission (SEC) to prohibit the trading of the securities of an issuer affiliated with China's government or 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 China's government, the CCP, or China's military; 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 China's government or the CCP; and a prohibition on any depository institution or SEC-registered securities broker or dealer processing funds transfers to or from China or for the benefit of Chinese government officials or CCP members.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 117-6484
STAND with Taiwan Act of 2022
Mar 29, 2023
Introduced in House
Mar 29, 2023
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.
Jul 25, 2024

Latest Companion Bill Action

S 118-4789
Introduced in Senate
Dec 17, 2024
Referred to the Subcommittee on Trade.
  • Bill from Previous Congress

    HR 117-6484
    STAND with Taiwan Act of 2022


  • March 29, 2023
    Introduced in House


  • March 29, 2023
    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.


  • July 25, 2024

    Latest Companion Bill Action

    S 118-4789
    Introduced in Senate


  • December 17, 2024
    Referred to the Subcommittee on Trade.
Mike Gallagher

Mike Gallagher

Republican Representative

Wisconsin

Cosponsors (1)
Nick LaLota (Republican)
Committees (6)
• Ways and Means Committee• Foreign Affairs Committee• Rules Committee• Trade Subcommittee• Financial Services Committee• Judiciary Committee

Crime and Law Enforcement

Related Bills

  • S 118-4789: STAND with Taiwan Act of 2024
  • S 118-1027: STAND with Taiwan Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted