China Financial Threat Mitigation Act of 2023

China Financial Threat Mitigation Act of 2023

This bill requires the Department of the Treasury, in consultation with specified federal financial agencies, to report on the exposure of the United States to the activity of China's financial sector. The report must include

• the effects the reforms to China's financial sector have on U.S. and global financial systems,
• a description of the policies the United States is adopting to protect U.S. interests,
• a description and analysis of any risks presented by China to the financial stability of the United States and the global economy, and
• recommendations for additional actions to strengthen international cooperation to mitigate risks and protect U.S. interests.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov