Taiwan Conflict Deterrence Act of 2025
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 27, 2025)
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.
What just happenedJul 22, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Referred in SenateJul 22, 2025
- Engrossed in HouseJul 21, 2025
- Reported in HouseMar 27, 2025
- Introduced in HouseFeb 27, 2025
- Jul 22, 2025IntroReferral
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Jul 21, 2025FloorH38310
Motion to reconsider laid on the table Agreed to without objection.
- Jul 21, 2025FloorH37300
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)
- Jul 21, 2025Floor8000
Passed/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)
- Jul 21, 2025FloorH8D000
DEBATE - The House proceeded with forty minutes of debate on H.R. 1716.
- Jul 21, 2025FloorH30000
Considered under suspension of the rules. (consideration: CR H3514-3517)
- Jul 21, 2025FloorH30300
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Mar 27, 2025CalendarsH12410
Placed on the Union Calendar, Calendar No. 35.
- Mar 27, 2025DischargeH12300
Committee on Foreign Affairs discharged.
Foreign Affairs Committee - Mar 27, 2025Committee5500
Committee on Foreign Affairs discharged.
Foreign Affairs Committee - Mar 27, 2025CommitteeH12200
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
Financial Services Committee - Mar 27, 2025Committee5000
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-48, Part I.
Financial Services Committee - Mar 5, 2025CommitteeH19000
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0.
Financial Services Committee - Mar 5, 2025CommitteeH15001
Committee Consideration and Mark-up Session Held
Financial Services Committee - Feb 27, 2025IntroReferralH11100
Referred 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.
Foreign Affairs Committee - Feb 27, 2025IntroReferralH11100
Referred 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.
Financial Services Committee - Feb 27, 2025IntroReferralIntro-H
Introduced in House
- Feb 27, 2025IntroReferral1000
Introduced in House