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.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, 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., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients. The main policy domain is Foreign Policy, Government Operations, Finance.
Who Benefits and How
foreign governments, international partners, and aid recipients may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, foreign governments, international partners, and aid recipients may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H92C16751E2A6401290EDE131A06BA119: 1. Short title This Act may be cited as the Taiwan Conflict Deterrence Act of 2023.
- Section H50E0AEAEF87B474F9826D8F247D54199: 2. Report on financial institutions and accounts connected to certain Chinese government officials Not later than 90 days after the date that the President,...
- Section H54A5B3B72B2E48698671515138A502DF: 3. Prohibition on financial services for certain immediate family The Secretary of the Treasury shall prohibit a United States financial institution, and any...
- Section H28B01A92624D43C5B47D49C6731056F3: 4. Definitions For purposes of this Act: The term appropriate Members of Congress means the Speaker and minority leader of the House of Representatives, the...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
This bill, 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., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.
Key Policy Areas
Foreign Policy, Government Operations, Finance
Primary Purpose
This bill, 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., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.
Policy Domains
Whole bill
Identified Gains
Contextual inference, no direct clause citation- foreign governments, international partners, and aid recipients
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- federal implementing agencies
- foreign governments, international partners, and aid recipients
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
ReportedReceived; read twice and referred to the Committee on Banking, …
Additional sponsors: Mr. Lawler, Ms. Lee of Nevada, Mr. Ryan, …
Reported with an amendment, committed to the Committee of the …
Mr. Hill (for himself and Mr. Sherman) introduced the following …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Chinese Communist Party senior officials, Chinese Communist Party senior officials (Politburo and Central Committee), Department of the Treasury
Positive-direction: US intelligence and law enforcement agencies
Negative-direction: Chinese Communist Party senior officials, Chinese Communist Party senior officials (Politburo and Central Committee), Department of the Treasury, Immediate family members of CCP officials
Foreign financial institutions with US business ties, US banks and financial institutions, US banks and financial institutions serving foreign officials
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → 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