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.
Sponsors
Legislative Progress
ReportedAdditional 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 …
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
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
Legislative Strategy
"Use financial exposure as Taiwan deterrence"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "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