Bill · H.R. 1716· House(119-HR-1716)
Taiwan Conflict Deterrence Act of 2025
- Introduced
- 2/27/2025
- Last activity
- 7/22/2025 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Lisa McClain
- Cosponsors
- - 0 - 1
- Introduced
- Passed House
- In Senate committee
What this bill would do
The Taiwan Conflict Deterrence Act of 2025 aims to deter Chinese aggression toward Taiwan. It requires the Secretary of the Treasury to report on financial institutions and accounts held by certain senior Chinese government officials. This includes tracking estimated total funds and the institutions that provide their services. The Act also prohibits U.S. financial institutions from engaging in significant transactions with these officials and their immediate family members if they benefit from the reported funds. The President has the authority to grant certain exemptions or waivers for national security reasons.
Yes· 3 of 5
Does this make what the government does easier for the public to see?+5
The act mandates public disclosure of reports regarding the financial assets of high-ranking Chinese officials.
Does this strengthen ties with allied countries?+2
The act serves the strategic interests of maintaining stability in the Taiwan Strait, a key geopolitical area for US allies.
Does this better protect the country from computer attacks?+1
The act uses financial deterrence to protect against physical and potential cyber-related aggression by China.
The opposite
Would people with substantial wealth be better off under this?-5
The act targets the assets and financial transactions of high-ranking officials and their immediate families.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency of Foreign Official Wealth: The Secretary of the Treasury must report on the estimated total funds held by at least 10 specific natural persons, including members of the Politburo, and the financial institutions maintaining their accounts (Section 2(a)(1)). This provides visibility into the financial control of high-ranking officials.
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Public Access to Financial Information: The unclassified portions of the required reports must be made available to the public on the Department of the Treasury's website and social media accounts in English, Chinese, and other appropriate languages (Section 2(c)(2)).
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Deterrence of Aggression: The primary objective of the Act is to deter Chinese aggression towards Taiwan (Section 1).
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Targeted Financial Restrictions: The Act prohibits U.S. financial institutions from engaging in significant transactions with specific senior officials and their immediate family members who benefit from the reported funds (Section 3(a)).
Potential Negative Impacts for People
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Restrictions on Family Members: Immediate family members of the targeted officials—including spouses, parents, children, siblings, and grandchildren—could face prohibitions on significant transactions with U.S. financial institutions if they benefit from the reported funds (Section 3(a) and Section 4(5)).
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Potential Financial Burdens on Institutions: Financial institutions may be required to undergo reporting and changes to their service provisions, as the Secretary may seek descriptions of institutions that maintain significant accounts or provide significant services to the covered persons (Section 2(a)(1)(B)).
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Penalties for Non-compliance: Any person that violates, attempts to violate, or conspires to violate the prohibitions in this Act is subject to penalties under the International Emergency Economic Powers Act (Section 3(c)(2)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For High Net Worth Individuals-5
- Governance And Ideology
- Improves Government Transparency+5
- National Security And Foreign Policy
- Improves International Alliances+2Improves Cybersecurity Defense+1
- Economy And Finance
- Improves Consumer Protection+1
- Social Issues And Justice
- Improves Border Security+1
- 7/22/2025
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 7/21/2025
- Motion to reconsider laid on the table Agreed to without objection.
- 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)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
- Considered under suspension of the rules. (consideration: CR H3514-3517)
- Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- 3/27/2025
- 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.
- 3/5/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
- 2/27/2025
- 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.
- 1 Cosponsor added.
- Introduced in House
Brad ShermanDemocrat · California