Taiwan Conflict Deterrence Act of 2022
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (May 10, 2022)
Taiwan Conflict Deterrence Act of 2022
This bill requires additional reporting regarding the domestic and foreign financial activity of specified Chinese officials.
Specifically, the bill requires the Department of the Treasury, upon a determination by the President that a threat to the interests of the United States exists resulting from actions by China, 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.
The bill also allows Treasury to prohibit significant transactions between U.S. financial institutions and these individuals.
What just happenedMay 17, 2022
Sponsor introductory remarks on measure. (CR H5092)
Who’s behind it
- Introduced in HouseMay 10, 2022
- May 17, 2022IntroReferralB00100
Sponsor introductory remarks on measure. (CR H5092)
- May 10, 2022IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - May 10, 2022IntroReferralIntro-H
Introduced in House
- May 10, 2022IntroReferral1000
Introduced in House