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STAND with Taiwan Act of 2023

USA118th CongressS-1027| Senate 
| Updated: 3/29/2023
Dan Sullivan

Dan Sullivan

Republican Senator

Alaska

Cosponsors (1)
Rick Scott (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 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

S 117-3526
STAND with Taiwan Act of 2022
Mar 29, 2023
Introduced in Senate
Mar 29, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 17, 2024

Latest Companion Bill Action

HR 118-2372
Referred to the Subcommittee on Trade.
  • Bill from Previous Congress

    S 117-3526
    STAND with Taiwan Act of 2022


  • March 29, 2023
    Introduced in Senate


  • March 29, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 17, 2024

    Latest Companion Bill Action

    HR 118-2372
    Referred to the Subcommittee on Trade.

International Affairs

Related Bills

  • S 118-4789: STAND with Taiwan Act of 2024
  • HR 118-2372: STAND with Taiwan Act of 2023

STAND with Taiwan Act of 2023

USA118th CongressS-1027| Senate 
| Updated: 3/29/2023
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

S 117-3526
STAND with Taiwan Act of 2022
Mar 29, 2023
Introduced in Senate
Mar 29, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 17, 2024

Latest Companion Bill Action

HR 118-2372
Referred to the Subcommittee on Trade.
  • Bill from Previous Congress

    S 117-3526
    STAND with Taiwan Act of 2022


  • March 29, 2023
    Introduced in Senate


  • March 29, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 17, 2024

    Latest Companion Bill Action

    HR 118-2372
    Referred to the Subcommittee on Trade.
Dan Sullivan

Dan Sullivan

Republican Senator

Alaska

Cosponsors (1)
Rick Scott (Republican)

Banking, Housing, and Urban Affairs Committee

International Affairs

Related Bills

  • S 118-4789: STAND with Taiwan Act of 2024
  • HR 118-2372: STAND with Taiwan Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted