119th Congress Finance and Financial Sector
H.R. 1716: Taiwan Conflict Deterrence Act of 2025
Passed House
- Introduced (completed)
- Passed House (completed)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
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.
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
- Brad Sherman D-CAOriginal
Who scored on this bill
- 1Lisa McClain SponsorDrew cross-party cosponsors, introduced, marked up, reported, discharged, passed House6 events+92
- 2Brad ShermanCosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Lisa McClain
History
- Passed the House by voice vote.
- Introduced in the House by Lisa McClain.
Show the full action history (14 actions)
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Considered under suspension of the rules. (consideration: CR H3514-3517)
- 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)
- 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.
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
- Committee on Foreign Affairs discharged.
- Placed on the Union Calendar, Calendar No. 35.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
- Introduced in House
- 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.