118th Congress International Affairs
S. 481: Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires sanctions and other actions if China's government makes any attempt to subject Taiwan to China's control, including by invading Taiwan's territory.
If China's government makes such an attempt, the bill requires certain actions, including (1) imposing sanctions against Chinese nationals, citizens, and entities that participate in the attempt; (2) prohibiting the trading in the securities of Chinese entities on national securities exchanges; and (3) imposing sanctions on global financial communications services providers that continue to provide financial communications services to the Central Bank of China or any foreign financial institutions subject to sanctions under this bill.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Kevin Cramer R-NDOriginal
Who scored on this bill
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History
- Introduced in the Senate by Rick Scott.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.