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Bill > S1113


US S1113

China Financial Threat Mitigation Act of 2025


summary

Introduced
03/25/2025
In Committee
03/25/2025
Crossed Over
Passed
Dead

Introduced Session

119th Congress

Bill Summary

A BILL To require the Secretary of the Treasury to conduct a study and prepare a report on the exposure of the United States to the financial sector of the People’s Republic of China, and for other purposes.

AI Summary

This bill, titled the "China Financial Threat Mitigation Act of 2025," requires the Secretary of the Treasury to conduct a comprehensive study and prepare a report on the United States' exposure to the financial sector of the People's Republic of China within one year of the Act's enactment. The report must be developed in consultation with key government agencies, including the Federal Reserve, Securities and Exchange Commission, Commodity Futures Trading Commission, and the State Department. Specifically, the study must assess the potential risks that China's financial sector poses to the United States and global financial systems, describe current U.S. government policies to protect financial stability, evaluate the transparency and reliability of China's economic data, and provide recommendations for strengthening international cooperation to monitor and mitigate these financial risks. The report will be unclassified but may include a classified annex, and must be transmitted to relevant Senate and House committees and international representatives. Additionally, the Secretary of the Treasury is required to publish the report (excluding any classified sections) on the Department of the Treasury's website, ensuring transparency and public access to the findings.

Committee Categories

Housing and Urban Affairs

Sponsors (3)

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 03/25/2025)

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