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HR. 1716 · 119th Congress

Taiwan Conflict Deterrence Act of 2025

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Bill details

Introduced: 2/27/2025
Status: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill ID: 119hr1716
Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

Introduced in House

Taiwan Conflict Deterrence Act of 2025 This bill, in the event of a threat to U.S. interests by China, (1) requires additional reporting on the domestic and foreign financial activity of specified Chinese officials, and (2) prohibits certain financial transactions with specified Chinese officials. Upon a determination by the President that such a threat exists, the bill requires the Department of the Treasury to (1) report to Congress on funds held by certain members of the Chinese Communist Party, including the total amount of funds, a description of the funds, and a list of related financial institutions; and (2) brief Congress on how these funds were acquired and any illicit or corrupt means employed to acquire or use the funds. These requirements are subject to specified exemptions and waivers. After such a report is made, Treasury must prohibit significant transactions between U.S. financial institutions and these individuals (and their immediate family, if appropriate). The bill provides exceptions for intelligence, law enforcement, and national security activities. The President may waive the prohibition under certain circumstances.

Source: BILLSUM · Summary date: 2/27/2025

District impact notes

1 notes
NEUTRAL
3/30/2026

The Taiwan Conflict Deterrence Act of 2025 requires reporting on financial activities of certain Chinese officials if there is a threat to U.S. interests from China and prohibits significant financial transactions with them. • This bill could impact local financial institutions that engage in transactions with individuals connected to the Chinese Communist Party. • It may also affect local businesses that have financial ties or partnerships with entities linked to these officials. • There could be questions about how effectively the reporting and prohibitions would be enforced and whether they might inadvertently affect legitimate financial activities. AI-generated from official bill summary and plain-English note; verify with official text.

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Summary source label: BILLSUM
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About this data

Non-partisan by design
OurCongress provides plain-English context without endorsements, political interpretation, or advocacy.
Official sources
Data is sourced from official government records (e.g., Congress.gov, GovInfo, Clerk of the House, and the U.S. Senate).
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Last updated: 3/30/2026Source: BILLSUMBill: 119hr1716Learn more →