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118th Congress Finance and Financial Sector

H.R. 1156: China Financial Threat Mitigation Act of 2023

Passed HouseMay 22, 2023

  1. Introduced (completed)Feb 24, 2023
  2. Passed House (completed)May 22, 2023, 400–5
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Passed House, May 22, 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.

Written by the Congressional Research Service, Library of Congress.

Key votes

House final vote, May 22, 2023

On Motion to Suspend the Rules and Pass, as Amended

Passed 400–5

Yea 400two-thirds 270Nay 5

  • Democrats195 yea, 0 nay
  • Republicans204 yea, 5 nay
  • Independents1 yea, 0 nay

Broke with their party: Matthew Rosendale (R-MT), Ralph Norman (R-SC), Thomas Massie (R-KY), Eli Crane (R-AZ) and Andy Biggs (R-AZ) voted Nay

See how all 405 members voted

Showing 434 of 434 members

Yea 400

Republicans (204)

Democrats (195)

Independents (1)

Nay 5

Republicans (5) broke with their party

Not voting 29

Senate

Not yet voted

Passed the House May 22, 2023. Awaiting Senate action.

Roll calls

1 vote on this bill

Showing 1 of 1 roll calls

  • May 22, 2023HouseOn Motion to Suspend the Rules and Pass, as AmendedFinal passagePassed, yea-nay 400–5
    Roll call 229 tally by party
    PartyYeaNayPresentNot voting
    Democrats1950018
    Republicans2045011
    Independents1000
    Total4005029

    House roll call 229: On Motion to Suspend the Rules and Pass, as Amended. Passed.

    5 crossed party lines: 5 Republicans

    How each member voted (434)

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

4

Bipartisan support.

Who scored on this bill

102 points earned
  1. 1Abigail Spanberger D-VA SponsorDrew cross-party cosponsors, introduced, reported, passed House4 events+56
  2. 2Andy Biggs R-AZ1 maverick vote1 event+6
  3. 2Eli Crane R-AZ1 maverick vote1 event+6
  4. 2Thomas Massie R-KY1 maverick vote1 event+6
  5. 2Ralph Norman R-SC1 maverick vote1 event+6
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Abigail Spanberger

History

  1. May 22, 2023Passed the House, 400–5.
  2. Feb 24, 2023Introduced in the House by Abigail Spanberger.
Show the full action history (15 actions)
  1. May 30, 2023Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. May 22, 2023Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.
  3. May 22, 2023Placed on the Union Calendar, Calendar No. 52.
  4. May 22, 2023Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
  5. May 22, 2023Considered under suspension of the rules. (consideration: CR H2471-2472)
  6. May 22, 2023DEBATE - The House proceeded with forty minutes of debate on H.R. 1156.
  7. May 22, 2023At 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.
  8. May 22, 2023Considered as unfinished business. (consideration: CR H2483-2484)
  9. May 22, 2023Passed/agreed to in House: 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)
  10. May 22, 2023On 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)
  11. May 22, 2023Motion to reconsider laid on the table Agreed to without objection.
  12. Feb 28, 2023Committee Consideration and Mark-up Session Held.
  13. Feb 28, 2023Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
  14. Feb 24, 2023Introduced in House
  15. Feb 24, 2023Referred to the House Committee on Financial Services.