The record

LegislationLegislation· Jul 2025
HR 1716 Passed House — in Senate

Sponsored by Lisa C. McClain (R)

Taiwan Conflict Deterrence Act of 2025

Requires Treasury to report on Chinese officials' US financial holdings and block their transactions if China threatens Taiwan.

Tradeoff

Mandates financial transparency and asset freezes targeting Chinese Communist Party leaders if the President determines China poses a threat to US interests. Includes exemptions for national security cooperation and presidential waivers.

What's in it

See official bill text

Less than $500,000 in federal costs over 2025-2030 if triggered by presidential notice of threat to Taiwan.

The $500,000 is just the federal enforcement cost to compile reports and manage financial institution compliance — the policy's real impact falls on designated Chinese leaders and financial institutions prohibited from using U.S. financial services.

H.R. 1716, Taiwan Conflict Deterrence Act of 2025 · Apr 2025

Passed the House by on July 21, 2025 — sitting in the Senate.

  1. House

    Introduced

    (Feb 27, 2025)

  2. House

    Committee on Financial Services(Feb 27, 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 48 - 0(Mar 5, 2025)

    Committee report H. Rept. 119-48, Part I.

  4. House

    Passage of the bill

    Passed by (Jul 21, 2025)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jul 22, 2025)