HOUSE 1156118th CongressReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

China Financial Threat Mitigation Act of 2023

Last Action: 5/30/2023

Actions

2023-05-30Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2023-05-22Motion to reconsider laid on the table Agreed to without objection.
2023-05-22On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 5 (Roll no. 229). (text: CR H2471)
2023-05-22Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 5 (Roll no. 229). (text: CR H2471)
2023-05-22Considered as unfinished business. (consideration: CR H2483-2484)
2023-05-22At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2023-05-22DEBATE - The House proceeded with forty minutes of debate on H.R. 1156.
2023-05-22Considered under suspension of the rules. (consideration: CR H2471-2472)
2023-05-22Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
2023-05-22Placed on the Union Calendar, Calendar No. 52.
2023-05-22Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.
2023-05-22Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.
2023-02-28Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
2023-02-28Committee Consideration and Mark-up Session Held.
2023-02-24Referred to the House Committee on Financial Services.

Showing 15 of 17 actions. Full history on Congress.gov.

CRS Summary

As of 2023-05-22 (53)

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.

Cosponsors (4)

Roger Williams (R-TX)
Michael Lawler (R-NY)
Susie Lee (D-NV)
Patrick Ryan (D-NY)

Subjects

Asia
China
Congressional oversight
Financial crises and stabilization
Government information and archives
Government studies and investigations

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