Bill > S2960

This bill establishes a PRC (People's Republic of China) Sanctions Task Force to develop comprehensive economic and strategic tools to deter potential Chinese aggression against Taiwan. The task force, to be created within 180 days by the State Department and Treasury Department in coordination with other federal agencies, will develop a detailed strategy for potential sanctions targeting military and non-military entities that might support actions against Taiwan, such as naval blockades, seizing islands, or cyber attacks. The task force must assess existing sanctions programs, propose new sanctions authorities, analyze potential economic consequences, coordinate with U.S. allies, and recommend targeted sanctions against specific sectors and entities in China. The bill reaffirms the United States' commitment to its longstanding "One China" policy while emphasizing that any attempt to resolve Taiwan's status through force would be contrary to U.S. policy and national interests. Importantly, the bill specifies that identified sanctions are not automatically implemented and would require explicit congressional authorization. The task force must submit an annual classified report to congressional committees detailing its findings, potential economic impacts, and recommendations for responding to potential Chinese aggression against Taiwan.

Government Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2960/all-info