Federal · 119th Congress
Taiwan Conflict Deterrence Act of 2025
Policy areaFinance and Financial Sector
Summary
This bill, in the event of a threat to U.S. interests by China, (1) requires additional reporting on the domestic and foreign financial activity of specified Chinese officials, and (2) prohibits certain financial transactions with specified Chinese officials.
Upon a determination by the President that such a threat exists, the bill requires the Department of the Treasury to (1) report to Congress on funds held by certain members of the Chinese Communist Party, including the total amount of funds, a description of the funds, and a list of related financial institutions; and (2) brief Congress on how these funds were acquired and any illicit or corrupt means employed to acquire or use the funds. These requirements are subject to specified exemptions and waivers.
After such a report is made, Treasury must prohibit significant transactions between U.S. financial institutions and these individuals (and their immediate family, if appropriate). The bill provides exceptions for intelligence, law enforcement, and national security activities. The President may waive the prohibition under certain circumstances.
Sponsor
Cosponsors
Other titles3
To deter Chinese aggression towards Taiwan by requiring the Secretary of the Treasury to publish a report on financial institutions and accounts connected to senior officials of the People's Republic of China, to restrict financial services for certain immediate family of such officials, and for other purposes.Official Title as Introduced
Taiwan Conflict Deterrence Act of 2025Short Title(s) as IntroducedShort Title(s) as Reported to HouseShort Title(s) as Passed HouseShort Titles from RFS (Referred to Senate) bill text
To deter Chinese aggression towards Taiwan by requiring the Secretary of the Treasury to publish a report on financial institutions and accounts connected to senior officials of the People’s Republic of China, to restrict financial services for certain immediate family of such officials, and for other purposes.Official Titles from EH (Engrossed in House) bill text
Legislative history14
Jul 22, 2025
SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 21, 2025
House · FloorMotion to reconsider laid on the table Agreed to without objection.
Jul 21, 2025
House · FloorOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
Jul 21, 2025
House · FloorDEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
Jul 21, 2025
House · FloorConsidered under suspension of the rules. (consideration: CR H3514-3517)
Jul 21, 2025
House · FloorMr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Mar 27, 2025
HousePlaced on the Union Calendar, Calendar No. 35.
Mar 27, 2025
HouseCommittee on Foreign Affairs discharged.
Mar 27, 2025
House · CommitteeReported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
Mar 5, 2025
House · CommitteeOrdered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
Mar 5, 2025
House · CommitteeCommittee Consideration and Mark-up Session Held
Feb 27, 2025
HouseReferred 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.
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Documents5
Texts
As referred to a Senate committeeLatestReferred in SenateU.S. Government Publishing OfficeJul 22, 2025As passed by the HouseEngrossed in HouseU.S. Government Publishing OfficeJul 21, 2025As reported by the House committeeReported in HouseU.S. Government Publishing OfficeMar 27, 2025As introduced in the HouseIntroduced in HouseU.S. Government Publishing OfficeFeb 27, 2025