PROTECT Taiwan Act

Hozzl · 2023-12-15T15:54:22Z

Explore the details of House Bill 803 PROTECT Taiwan Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on International Affairs. Stay informed on legislative developments.

12/15/2023, 3:54 PM

Congressional Summary of HR 803

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.

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Current Status of Bill HR 803

Bill HR 803 is currently in the status of Bill Introduced since February 2, 2023. Bill HR 803 was introduced during Congress 118 and was introduced to the House on February 2, 2023. Bill HR 803's most recent activity was Placed on the Union Calendar, Calendar No. 230. as of December 1, 2023

Bipartisan Support of Bill HR 803

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 803

Primary Policy Focus

International Affairs

Potential Impact Areas

AsiaBanking and financial institutions regulationChinaForeign and international bankingPresidents and presidential powers, Vice PresidentsSanctionsTaiwan

Alternate Title(s) of Bill HR 803

PROTECT Taiwan ActPROTECT Taiwan ActPressure Regulatory Organizations To End Chinese Threats to Taiwan ActPressure Regulatory Organizations To End Chinese Threats to Taiwan ActTo 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.

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