Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023

12/16/2023, 10:36 PM

Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023

This bill requires sanctions and other actions if China's government makes any attempt to subject Taiwan to China's control, including by invading Taiwan's territory.

If China's government makes such an attempt, the bill requires certain actions, including (1) imposing sanctions against Chinese nationals, citizens, and entities that participate in the attempt; (2) prohibiting the trading in the securities of Chinese entities on national securities exchanges; and (3) imposing sanctions on global financial communications services providers that continue to provide financial communications services to the Central Bank of China or any foreign financial institutions subject to sanctions under this bill.

Congress
118

Number
S - 481

Introduced on
2023-02-16

# Amendments
0

Sponsors
+5

Cosponsors
+5

Status of Legislation

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

Purpose and Summary

Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023

This bill requires sanctions and other actions if China's government makes any attempt to subject Taiwan to China's control, including by invading Taiwan's territory.

If China's government makes such an attempt, the bill requires certain actions, including (1) imposing sanctions against Chinese nationals, citizens, and entities that participate in the attempt; (2) prohibiting the trading in the securities of Chinese entities on national securities exchanges; and (3) imposing sanctions on global financial communications services providers that continue to provide financial communications services to the Central Bank of China or any foreign financial institutions subject to sanctions under this bill.


Policy Areas
International Affairs

Comments

Recent Activity

Latest Summary7/17/2023

Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023

This bill requires sanctions and other actions if China's government makes any attempt to subject Taiwan to China's control, in...


Latest Action2/16/2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.