senateStanding
Banking, Housing, and Urban Affairs Committee
- Referred To
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H.R. 1716Passed House
Taiwan Conflict Deterrence Act of 2025
Introduced: Feb 27, 2025
Latest action date: Jul 22, 2025
Latest development
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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- Congress
- 119th Congress
- Introduced
- Feb 27, 2025
- Recorded roll calls
- 0
Status detail: The full action history records passage in the House.
Plain-language overview
What this bill does
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.
Official summary from Congress.gov.
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Finance and Financial Sector
View 10 official legislative subjects
AsiaBank accounts, deposits, capitalBanking and financial institutions regulationChinaCongressional oversightDiplomacy, foreign officials, Americans abroadForeign and international bankingFraud offenses and financial crimesMilitary operations and strategyTaiwan
Committee activity
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Official committee record ↗
houseStanding
Foreign Affairs Committee
- Referred To
- Discharged From
houseStanding
Financial Services Committee
- Referred To
- Markup By
- Reported By
Amendments
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
No amendments are listed for this measure.
Checked against Congress.gov Oct 1, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline17 actions
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralSenateMotion to reconsider laid on the table Agreed to without objection.
FloorHouse floor actionsPassed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
FloorLibrary of CongressOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
FloorHouse floor actionsDEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
FloorHouse floor actionsConsidered under suspension of the rules. (consideration: CR H3514-3517)
FloorHouse floor actionsMr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
FloorHouse floor actionsCommittee on Foreign Affairs discharged.
DischargeHouse floor actionsPlaced on the Union Calendar, Calendar No. 35.
CalendarsHouse floor actionsCommittee on Foreign Affairs discharged.
CommitteeLibrary of CongressReported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
CommitteeHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
CommitteeLibrary of CongressOrdered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
CommitteeHouse committee actionsCommittee Consideration and Mark-up Session Held
CommitteeHouse committee actionsIntroduced in House
IntroReferralLibrary of CongressReferred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferralHouse floor actionsIntroduced in House
IntroReferralLibrary of Congress
Roll-call votes
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