Pipeline · Bill → Law
Step 1
Introduced
Mar 29, 2023
Step 2
Referred
Mar 29, 2023
Banking, Housing, and Urban Affairs
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill requires the imposition of sanctions in the event of a military invasion of Taiwan by China and addresses related issues. If the President determines that China or any of its proxies has initiated a military invasion of Taiwan, or if a joint resolution making such a determination is enacted, the bill requires the President to impose visa- and property-blocking sanctions on certain senior officials of China's government and the Chinese Communist Party (CCP); the Department of the Treasury to impose property-blocking sanctions on specified foreign financial institutions, including banks under the jurisdiction of China and in which China's government holds an interest; Treasury to...
Timeline · 2 actions
Mar 29, 2023
Introduced in Senate
Mar 29, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.