H.R. 1716 Passed the House Finance and Financial Sector

Taiwan Conflict Deterrence Act of 2025

To deter Chinese aggression towards Taiwan by requiring the Secretary of the Treasury to publish a report on financial institutions and accounts connected to senior officials of the People's Republic of China, to restrict financial services for certain immediate family of such officials, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. McClain, Lisa C. [R-MI-9] Introduced February 27, 2025 Cosponsors 1 (1 D) Latest action July 22, 2025

Summary

Taiwan Conflict Deterrence Act of 2025
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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

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

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