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H.R. 1716 House Finance and Financial Sector

Taiwan Conflict Deterrence Act of 2025

Introduced
Feb 27, 2025
Sponsor
Rep. McClain, Lisa C. (R-MI-9)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on banking, housing, and urban affairs on Jul 22, 2025.

  1. House Introduced in House Feb 27, 2025
  2. 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. Feb 27, 2025
  3. House Committee Consideration and Mark-up Session Held Mar 5, 2025
  4. House Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0. Mar 5, 2025
  5. House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I. Mar 27, 2025
  6. House Committee on Foreign Affairs discharged. Mar 27, 2025
  7. House Placed on the Union Calendar, Calendar No. 35. Mar 27, 2025
  8. House Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. Jul 21, 2025
  9. House Considered under suspension of the rules. (consideration: CR H3514-3517) Jul 21, 2025
  10. House DEBATE - The House proceeded with forty minutes of debate on H.R. 1716. Jul 21, 2025
  11. House 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) Jul 21, 2025
  12. House On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515) Jul 21, 2025
  13. House Motion to reconsider laid on the table Agreed to without objection. Jul 21, 2025
  14. Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Jul 22, 2025

Cosponsors

1

Subjects

AsiaBank accounts, deposits, capitalBanking and financial institutions regulationChinaCongressional oversightDiplomacy, foreign officials, Americans abroadForeign and international bankingFraud offenses and financial crimesMilitary operations and strategyTaiwan

Committees

  • Banking, Housing, and Urban Affairs Committee
    • [Referred To, Jul 22, 2025]
  • Foreign Affairs Committee
    • [Discharged From, Mar 27, 2025]
    • [Referred To, Feb 27, 2025]
  • Financial Services Committee
    • [Reported By, Mar 27, 2025]
    • [Markup By, Mar 5, 2025]
    • [Referred To, Feb 27, 2025]

Summary

Taiwan Conflict Deterrence Act of 2025This 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.

[Summary as of: Introduced in House]

Bill Text

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