PROTECT Taiwan Act

12/15/2023, 3:54 PM

Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act or the PROTECT Taiwan Act

This bill requires certain actions if the President informs Congress about actions by China that result in (1) threats to Taiwan's security or social or economic system, and (2) any danger to U.S. interests. Specifically, after the President informs Congress, various federal agencies must take all necessary steps to exclude China's representatives from the activities of specified international organizations, including the Group of 20, the Financial Stability Board, and the Basel Committee on Banking Supervision.

The President may waive these requirements if doing so is in the national interest of the United States.

Congress
118

Number
HR - 803

Introduced on
2023-02-02

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

12/1/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act or the PROTECT Taiwan Act

This bill requires certain actions if the President informs Congress about actions by China that result in (1) threats to Taiwan's security or social or economic system, and (2) any danger to U.S. interests. Specifically, after the President informs Congress, various federal agencies must take all necessary steps to exclude China's representatives from the activities of specified international organizations, including the Group of 20, the Financial Stability Board, and the Basel Committee on Banking Supervision.

The President may waive these requirements if doing so is in the national interest of the United States.

Alternative Names
Official Title as IntroducedTo direct certain financial regulators to exclude representatives of the Peoples Republic of China from certain banking organizations upon notice of certain threats or danger, and for other purposes.

Policy Areas
International Affairs

Potential Impact
Asia
Banking and financial institutions regulation
China
Foreign and international banking
Presidents and presidential powers, Vice Presidents
Sanctions
Taiwan

Comments

Recent Activity

Latest Summary5/12/2023

Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act or the PROTECT Taiwan Act

This bill requires certain actions if the President informs Congress about actions by China that result in (1) threats to Ta...


Latest Action12/1/2023
Placed on the Union Calendar, Calendar No. 230.