PROTECT Taiwan Act

Bill 119 HR 1531, also known as the "China Banking Threat Exclusion Act," aims to direct financial regulators to take action against representatives of the People's Republic of China who pose a threat to certain banking organizations. The bill requires these regulators to exclude individuals from China upon receiving notice of specific threats or dangers.

The purpose of this legislation is to protect the financial stability and security of banking organizations in the United States by preventing individuals from China who may pose a risk from being involved in these institutions. The bill does not target all individuals from China, but rather focuses on those who are deemed to be a threat to the banking sector.

Overall, the China Banking Threat Exclusion Act seeks to safeguard the integrity of the US banking system by ensuring that individuals from China who may pose a risk are not able to influence or harm banking organizations. This legislation aims to address potential threats and dangers posed by certain individuals from China, while also promoting the security and stability of the US financial sector.