HR554-118

Reported

To deter Chinese aggression towards Taiwan by requiring the Secretary of the Treasury to publish a report on financial institutions and accounts connected to senior officials of the People’s Republic of China, to restrict financial services for certain immediate family of such officials, and for other purposes.

118th Congress Introduced Jan 26, 2023

Legislative Progress

Reported
Introduced Committee Passed
Dec 1, 2023

Additional sponsors: Mr. Lawler, Ms. Lee of Nevada, Mr. Ryan, …

Dec 1, 2023

Reported with an amendment, committed to the Committee of the …

Jan 26, 2023

Mr. Hill (for himself and Mr. Sherman) introduced the following …

Summary

What This Bill Does

Requires Treasury to report on financial assets of senior Chinese officials if President notifies Congress of a threat to Taiwan. Identifies assets that could be targeted for sanctions.

Who Benefits and How

Taiwan deterrence gains financial pressure tool. US gains leverage over Chinese officials personal assets. Sanctions preparation strengthened before conflict.

Who Bears the Burden and How

Chinese officials face potential asset exposure and sanctions. Financial institutions must be identified in reports. US-China relations face additional pressure.

Key Provisions

  • Requires report on assets of 10+ senior Chinese officials
  • Triggers on Presidential threat notification under Taiwan Relations Act
  • Identifies financial institutions holding Chinese official assets
Model: claude-opus-4
Generated: Jan 10, 2026 18:46

Evidence Chain:

This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.

Primary Purpose

Requires Treasury report on Chinese government officials assets to deter Taiwan aggression

Policy Domains

China Policy Taiwan Sanctions National Security

Legislative Strategy

"Use financial exposure as Taiwan deterrence"

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
China Policy Taiwan Sanctions
Actor Mappings
"secretary"
→ Secretary of the Treasury

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology