This legislation, titled the Taiwan Conflict Deterrence Act of 2025, seeks to deter potential Chinese aggression against Taiwan. It establishes a framework for the United States to gather and act upon financial intelligence related to senior officials of the People's Republic of China, triggered by a presidential determination of a threat to U.S. interests stemming from China's actions. Upon such a determination, the Secretary of the Treasury is required to submit a report detailing the estimated funds held by at least ten senior Chinese Communist Party officials, including members of the Politburo Standing Committee , Politburo , and certain Central Committee members , along with a list of associated financial institutions. This report, which includes a briefing on fund acquisition and potential illicit means, must be submitted within 90 days and annually thereafter for three years, with its unclassified portion made publicly available. Furthermore, the bill mandates a prohibition on U.S. financial institutions from conducting significant transactions with the identified Chinese officials and their immediate family members, particularly if the family benefits from the reported funds. This prohibition leverages authorities under the International Emergency Economic Powers Act, carrying associated penalties for violations. The legislation includes exceptions for intelligence, law enforcement, and national security activities, and grants the President authority to waive requirements if it promotes ending the threat or serves U.S. national security interests. Importantly, the bill specifies that its provisions do not authorize sanctions on the importation of goods.
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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.
Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
Placed on the Union Calendar, Calendar No. 35.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
Committee on Foreign Affairs discharged.
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H3514-3517: 1)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
Motion 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.
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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.
Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
Placed on the Union Calendar, Calendar No. 35.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
Committee on Foreign Affairs discharged.
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H3514-3517: 1)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
Motion 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.
Finance and Financial Sector
AsiaBank accounts, deposits, capitalBanking and financial institutions regulationChinaCongressional oversightDiplomacy, foreign officials, Americans abroadForeign and international bankingFraud offenses and financial crimesMilitary operations and strategyTaiwan
Taiwan Conflict Deterrence Act of 2025
USA119th CongressHR-1716| House
| Updated: 7/22/2025
This legislation, titled the Taiwan Conflict Deterrence Act of 2025, seeks to deter potential Chinese aggression against Taiwan. It establishes a framework for the United States to gather and act upon financial intelligence related to senior officials of the People's Republic of China, triggered by a presidential determination of a threat to U.S. interests stemming from China's actions. Upon such a determination, the Secretary of the Treasury is required to submit a report detailing the estimated funds held by at least ten senior Chinese Communist Party officials, including members of the Politburo Standing Committee , Politburo , and certain Central Committee members , along with a list of associated financial institutions. This report, which includes a briefing on fund acquisition and potential illicit means, must be submitted within 90 days and annually thereafter for three years, with its unclassified portion made publicly available. Furthermore, the bill mandates a prohibition on U.S. financial institutions from conducting significant transactions with the identified Chinese officials and their immediate family members, particularly if the family benefits from the reported funds. This prohibition leverages authorities under the International Emergency Economic Powers Act, carrying associated penalties for violations. The legislation includes exceptions for intelligence, law enforcement, and national security activities, and grants the President authority to waive requirements if it promotes ending the threat or serves U.S. national security interests. Importantly, the bill specifies that its provisions do not authorize sanctions on the importation of goods.
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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.
Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
Placed on the Union Calendar, Calendar No. 35.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
Committee on Foreign Affairs discharged.
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H3514-3517: 1)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
Motion 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.
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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.
Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
Placed on the Union Calendar, Calendar No. 35.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
Committee on Foreign Affairs discharged.
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H3514-3517: 1)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
Motion 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.
AsiaBank accounts, deposits, capitalBanking and financial institutions regulationChinaCongressional oversightDiplomacy, foreign officials, Americans abroadForeign and international bankingFraud offenses and financial crimesMilitary operations and strategyTaiwan