Affirming the nature and importance of the support of the United States for the religious and ethnic minority survivors of genocide in Iraq.
- Last Action
- 11/20/2024
Actions
- 2024-09-10Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2024-09-09Motion to reconsider laid on the table Agreed to without objection.
- 2024-09-09On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5042-5043)
- 2024-09-09Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5042-5043)
- 2024-09-09DEBATE - The House proceeded with forty minutes of debate on H.R. 554.
- 2024-09-09Considered under suspension of the rules. (consideration: CR H5042-5046)
- 2024-09-09Mrs. Kim (CA) moved to suspend the rules and pass the bill, as amended.
- 2023-12-01Placed on the Union Calendar, Calendar No. 236.
- 2023-12-01Reported (Amended) by the Committee on Financial Services. H. Rept. 118-292.
- 2023-12-01Reported (Amended) by the Committee on Financial Services. H. Rept. 118-292.
- 2023-02-28Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 0.
- 2023-02-28Committee Consideration and Mark-up Session Held.
- 2023-01-26Referred to the House Committee on Financial Services.
- 2023-01-26Introduced in House
- 2023-01-26Introduced in House
CRS Summary
As of 2023-12-01 (07)
Taiwan Conflict Deterrence Act of 2023
This bill, in the event of a threat to U.S. interests by China, (1) requires additional reporting on the domestic and foreign financial activity of specified Chinese officials, and (2) prohibits certain financial transactions with specified Chinese officials.
Upon a determination by the President that such a threat exists, the bill requires the Department of the Treasury 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.
After such a report is made, Treasury must prohibit significant transactions between U.S. financial institutions and these individuals (and their immediate family, if appropriate). The bill provides exceptions for intelligence, law enforcement, and national security activities. The President may waive the prohibition under certain circumstances.
Cosponsors (8)
- BRAD SHERMAN (D-CA)
- Michael Lawler (R-NY)
- Susie Lee (D-NV)
- Patrick Ryan (D-NY)
- Chris Pappas (D-NH)
- Young Kim (R-CA)
- Monica De La Cruz (R-TX)
- Ann Wagner (R-MO)
Subjects
- Asia
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- China
- Congressional oversight
- Diplomacy, foreign officials, Americans abroad
- Foreign and international banking
- Fraud offenses and financial crimes
- Military operations and strategy
- Taiwan
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.