To impose sanctions to deter aggression by the People’s Republic of China against Taiwan, 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
The bill imposes short title This Act may be cited as the Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023, requires findings Congress makes the following findings: Taiwan is a self-governing polity with all the attributes of a constitutional democratic republic and consistently achieves exceedingly high scores from Freedom, and provides definitions In this Act: The term appropriate congressional committees means— the Committee on Banking, Housing, and Urban Affairs and the Committee on Finance of the Senate. It relies on compliance mandates, trade restrictions, definition changes, and exemptions. The main policy areas are Financial Services, Finance, Foreign Policy, and Defense.
Who Benefits and How
Financial services firms and customers affected by the bill could face lower compliance burdens, Public beneficiaries or protected communities affected by the clause could face reduced risk, and Telecommunications providers and users affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Foreign businesses and cross-border trade participants affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Imposes short title This Act may be cited as the Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023.
- Requires findings Congress makes the following findings: Taiwan is a self-governing polity with all the attributes of a constitutional democratic republic and consistently achieves exceedingly high scores from Freedom...
- Provides definitions In this Act: The term appropriate congressional committees means— the Committee on Banking, Housing, and Urban Affairs and the Committee on Finance of the Senate.
- Creates imposition of sanctions with respect to Chinese persons responsible for aggression against Taiwan On and after the date that is 30 days after a triggering event, the President shall impose the sanctions...
- Requires prohibition on transactions with certain Chinese software companies Beginning on the date that is 30 days after a triggering event, any transaction by a United States person or within the United States with any...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill imposes short title This Act may be cited as the Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023, requires findings Congress makes the following findings: Taiwan is a self-governing polity with all the attributes of a constitutional democratic republic and consistently achieves exceedingly high scores from Freedom, and provides definitions In this Act: The term appropriate congressional committees means— the Committee on Banking, Housing, and Urban Affairs and the Committee on Finance of the Senate.
Key Policy Areas
Financial Services, Finance, Foreign Policy, Defense
Primary Purpose
The bill imposes short title This Act may be cited as the Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023, requires findings Congress makes the following findings: Taiwan is a self-governing polity with all the attributes of a constitutional democratic republic and consistently achieves exceedingly high scores from Freedom, and provides definitions In this Act: The term appropriate congressional committees means— the Committee on Banking, Housing, and Urban Affairs and the Committee on Finance of the Senate.
Policy Domains
Whole bill
Identified Gains
- Financial services firms and customers affected by the bill
- Public beneficiaries or protected communities affected by the clause
- Telecommunications providers and users affected by the bill
- National security and critical infrastructure stakeholders affected by the bill
- Foreign businesses and cross-border trade participants affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Foreign businesses and cross-border trade participants affected by the bill
- Financial services firms and customers affected by the bill
- National security and critical infrastructure stakeholders affected by the bill
- Tribal governments and members affected by the bill
Sponsors
Rick Scott
R-FL | Primary Sponsor
Legislative Progress
IntroducedMr. Scott of Florida (for himself and Mr. Cramer) introduced …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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.
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