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US HR1531

US HR1531
Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act PROTECT Taiwan Act


summary

Introduced
02/24/2025
In Committee
09/16/2025
Crossed Over
02/11/2026
Passed
Dead

Introduced Session

119th Congress

Bill Summary

AN ACT To direct certain financial regulators to exclude representatives of the People’s Republic of China from certain banking organizations upon notice of certain threats or danger, and for other purposes.

AI Summary

This bill, known as the PROTECT Taiwan Act, establishes a policy for the United States to exclude representatives of the People's Republic of China from certain international financial organizations if the President determines that China's actions pose a threat to Taiwan's security or social or economic system, and consequently, a danger to U.S. interests. These organizations include the Group of Twenty (G20), the Bank for International Settlements, the Financial Stability Board, the Basel Committee on Banking Supervision, the International Association of Insurance Supervisors, and the International Organization of Securities Commissions. The Secretary of the Treasury, the Federal Reserve Board of Governors, and the Securities and Exchange Commission are directed to take steps to implement this policy. The President can waive this exclusion if it's deemed in the U.S. national interest and reported to Congress with an explanation. This act will automatically expire five years after its enactment or 30 days after the President notifies Congress that its termination is in the national interest.

Committee Categories

Business and Industry, Government Affairs

Sponsors (3)

Last Action

Received in the Senate and Read twice and referred to the Committee on Foreign Relations. (on 02/11/2026)

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