H.R. 7704 · 117th Congress
Taiwan Conflict Deterrence Act of 2022
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
HillSponsor6 cosponsors · 1 D, 5 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires additional reporting regarding the domestic and foreign financial activity of specified Chinese officials.
What it does: CRS summary · Introduced in House · May 10, 2022
Taiwan Conflict Deterrence Act of 2022
This bill requires additional reporting regarding the domestic and foreign financial activity of specified Chinese officials.
Specifically, the bill requires the Department of the Treasury, upon a determination by the President that a threat to the interests of the United States exists resulting from actions by China, to (1) report to Congress on funds held by certain members of the Chinese Communist Party, including the total amount of funds, a description of the funds, and a list of related financial institutions; and (2) brief Congress on how these funds were acquired and any illicit or corrupt means employed to acquire or use the funds.
The bill also allows Treasury to prohibit significant transactions between U.S. financial institutions and these individuals.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Taiwan Conflict Deterrence Act of 2022
Latest action (May 17, 2022): Sponsor introductory remarks on measure. (CR H5092)
Policy area: Finance and Financial Sector · Origin: House · Introduced: May 10, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.