What does Preamble of Taiwan Conflict Deterrence Act of 2025 do?

This bill aims to deter Chinese aggression towards Taiwan. It requires the Secretary of the Treasury to publish a report on financial institutions and accounts connected to senior officials of the People's Republic of China. The bill also seeks to restrict financial services for certain immediate family members of those officials.

What does SHORT TITLE. of Taiwan Conflict Deterrence Act of 2025 do?

This bill is formally titled the Taiwan Conflict Deterrence Act of 2025.

What does REPORT ON FINANCIAL INSTITUTIONS AND ACCOUNTS CONNECTED TO of Taiwan Conflict Deterrence Act of 2025 do?

This section mandates a report from the Secretary of the Treasury to Congress regarding financial institutions and accounts connected to certain Chinese government officials. The report must be submitted within 90 days of the President informing Congress of a threat from the People's Republic of China, and annually for three years thereafter. The report must identify at least 10 natural persons, including members of the Chinese Communist Party, and detail the estimated funds they control. It requires a list of financial institutions maintaining accounts or providing significant services to these individuals. A briefing to Congress is required within 30 days of submitting the report, describing how the funds were acquired. The President can exempt individuals or institutions if funds were primarily acquired legally, if the individual cooperates with the U.S., or if the institution ceases certain activities. The President can waive reporting requirements if it promotes ending a threat, if the threat is no longer present, or is essential to national security. The report's unclassified portion must be made publicly available on the Treasury Department's website and social media in English, Chinese, and other appropriate languages.

What does PROHIBITION ON FINANCIAL SERVICES FOR CERTAIN IMMEDIATE FAMILY. of Taiwan Conflict Deterrence Act of 2025 do?

This section prohibits U.S. financial institutions and their controlled entities from engaging in significant transactions with individuals covered by reports under section 2(a) and their immediate families, if the Secretary of the Treasury finds the families benefit from the funds described in the report. An exception exists for intelligence, law enforcement, and national security activities of the United States. The President may waive the prohibition for a person, requiring reporting to Congress based on specific conditions related to ending the threat described in section 2(a)(1), the absence of the threat, or national security interests. Reports required for waivers must be submitted in unclassified form, but may include a classified annex. This section does not authorize or require sanctions on the importation of goods; 'good' is defined as any article, natural or man-made substance, material, supply, or manufactured product. The President can utilize authorities under the International Emergency Economic Powers Act to implement this section and must submit copies of licenses to Congress within 60 days. Violations of this section are subject to penalties outlined in the International Emergency Economic Powers Act. This section terminates either 30 days after the President reports the threat described in section 2(a)(1) is no longer present, or 25 years after the Secretary of the Treasury submits the final report under section 2(a)(1).

What does DEFINITIONS. of Taiwan Conflict Deterrence Act of 2025 do?

This section defines terms used within the Act. “Appropriate Members of Congress” includes specific leadership positions and committee chairs from both the House and Senate. A “financial institution” is either a United States financial institution or a foreign financial institution. “Foreign financial institution” is defined by section 561.308 of title 31, Code of Federal Regulations. “Funds” are defined by the Secretary of the Treasury. “Immediate family” includes a person's spouse, parents, children, siblings, grandchildren, and related individuals. “United States financial institution” is defined by section 561.309 of title 31, Code of Federal Regulations.

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Taiwan Conflict Deterrence Act of 2025

Last updated: 7/22/2025 · Introduced: 2/27/2025

Author: Lisa McClain (R-MI)

TL;DR (AI)

This bill requires the Treasury Secretary to report on financial institutions and accounts linked to Chinese government officials and their families, detailing estimated funds controlled and identifying relevant financial institutions.
It prohibits U.S. financial institutions from conducting significant transactions with the immediate families of those officials if they benefit from the reported funds, with exceptions for national security activities.
The bill establishes a process for the President to waive reporting and prohibition requirements under specific circumstances, such as promoting de-escalation or protecting national security.

119th Congresspassed houseOfficial page

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Includes provisions on preamble, short title., and 3 more.

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