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PROTECT Taiwan Act
12/4/2025, 12:26 AM
Summary of Bill HR 1531
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.
Congressional Summary of HR 1531
Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act or the PROTECT Taiwan Act
This bill requires certain federal entities to seek to exclude China from six international financial organizations if the President informs Congress that China's actions threaten Taiwan and pose a danger to U.S. interests.
Specifically, the bill establishes that it is U.S. policy to seek to exclude Chinese representatives from participating in the activities of six international organizations if the President informs Congress that China's actions pose any (1) threat to Taiwan's security, economic system, or social system; and (2) danger to U.S. interests.
The six specified organizations are
- the Group of Twenty,
- the Bank for International Settlements,
- the Financial Stability Board,
- the Basel Committee on Banking Supervision,
- the International Association of Insurance Supervisors, and
- the International Organization of Securities Commissions.
In the event that the President so informs Congress, the bill requires the Department of the Treasury, the Federal Reserve, and the Securities and Exchange Commission to take all necessary steps to advance the exclusion policy.
The President may waive the application of this policy to an organization if doing so is in the national interest of the United States.
