The record

LegislationLegislation· Sep 2024
HR 554

Sponsored by J. French Hill (R)

Taiwan Conflict Deterrence Act of 2023

Would have required Treasury to report on, then limit banking with, top Chinese officials after a China threat.

Tradeoff

Would have required Treasury to report on the funds of top Chinese Communist Party (CCP) officials. Would then have barred significant US bank deals with them and their close family, with exceptions.

What's in it

See official bill text
H.R. 554, Taiwan Conflict Deterrence Act of 2023www.cbo.gov/publication/59118 · May 2023

The House passed this bill by on September 9, 2024. The Senate never voted on it before the Congress ended.

  1. House

    Introduced

    (Jan 26, 2023)

  2. House

    Committee on Financial Services(Jan 26, 2023)

  3. House

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

    Reported 41 - 0(Feb 28, 2023)

    Committee report H. Rept. 118-292.

  4. House

    Passage of the bill

    Passed by (Sep 9, 2024)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Sep 10, 2024)