The record

LegislationLegislation· Feb 2026
HR 1531 Passed House — in Senate

Sponsored by Frank D. Lucas (R)

PROTECT Taiwan Act

Directs the US to push for excluding China from six major international financial organizations if it threatens Taiwan.

Tradeoff

Establishes a policy to seek China's exclusion from international financial bodies upon presidential notification of threats to Taiwan. The President can waive this requirement if exclusion would harm US national interests.

What's in it

See official bill text

Costs less than $500,000 over the 2026-2030 period, subject to .

The $500,000 is the federal cost to implement the diplomatic and regulatory machinery to enforce the policy; the actual impact falls on China through potential exclusion from international financial organizations, not on U.S. taxpayers or private parties.

H.R. 1531, Pressure Regulatory Organizations to End Chinese Threats to Taiwan Act · Sep 2025

The House passed this 395-2 on February 9, 2026 — sitting in the Senate.

  1. House

    Introduced

    (Feb 24, 2025)

  2. House

    Committee on Financial Services(Feb 24, 2025)

    The bill went to more than one committee at the same time.

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 49 - 0(Sep 16, 2025)

    Committee report H. Rept. 119-388, Part I.

  4. House

    On Motion to and Pass, as Amended

    Passed(Roll #58 · Feb 9, 2026)

    395 yeanay 2

  5. Senate

    Received from the House

    on Foreign Relations(Feb 11, 2026)

Passage votes so far· Feb 9, 2026· 119th Congress · 2025–2027