Pipeline · Bill → Law
Step 1
Introduced
Jan 26, 2023
Step 2
Referred
Jan 26, 2023
Financial Services · Banking, Housing, and Urban Affairs
Step 3
Committee
Feb 28, 2023
Reported out
Step 4
House floor
Step 5
Senate
Sep 10, 2024
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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 fun...
Timeline · 12 actions
Sep 10, 2024
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 9, 2024
Mrs. Kim (CA) moved to suspend the rules and pass the bill, as amended.
Sep 9, 2024
Considered under suspension of the rules.
Sep 9, 2024
DEBATE - The House proceeded with forty minutes of debate on H.R. 554.
Sep 9, 2024
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Sep 9, 2024
Motion to reconsider laid on the table Agreed to without objection.
Dec 1, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-292.
Dec 1, 2023
Placed on the Union Calendar, Calendar No. 236.
Feb 28, 2023
Committee Consideration and Mark-up Session Held.
Feb 28, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 0.
Jan 26, 2023
Introduced in House
Jan 26, 2023
Referred to the House Committee on Financial Services.