“A bill to require a report on the wealth of the leadership of the Chinese Communist Party, and for other purposes.”
No CRS summary available for this bill.
This section states five congressional findings concerning the Chinese Communist Party (CCP), including (1) its operation as an opaque, authoritarian regime with power concentrated among senior officials; (2) the control exerted by CCP leadership—including full members of the Central Committee, Politburo, and Politburo Standing Committee—over economic, military, and political affairs in China and abroad; (3) the substantial wealth amassed by senior CCP officials and their families, often hidden through opaque structures; (4) a March 2025 Office of the Director of National Intelligence report assessing CCP leaders' financial assets and the potential value of a subsequent report with photographic evidence; and (5) the importance of understanding CCP leaders' financial interests for U.S. foreign policy, national security, and economic security decision-making.
This section expresses the sense of Congress that (1) the effectiveness and credibility of intelligence reporting on sensitive subjects, including the wealth of senior CCP officials, depends on full cooperation among all relevant U.S. intelligence community components; and (2) all related nonpublic information—including classified intelligence, financial data, and foreign partner reporting—must be made available within the intelligence community to support such assessments to the fullest extent possible consistent with protecting sources and methods.
This section directs the Director of National Intelligence (DNI) to post on a public website of the Office of the Director of National Intelligence (ODNI) and submit to the Senate Select Committee on Intelligence and House Permanent Select Committee on Intelligence a report on the wealth of Chinese Communist Party (CCP) leadership, due not later than 180 days after enactment and after each new Central Committee appointment. The report must include (1) a detailed assessment of personal wealth, financial holdings, and business interests of full Central Committee members, the head of the Central Commission for Discipline Inspection, and their immediate family members, prioritizing the General Secretary, Politburo Standing Committee members, full Politburo members, provincial-level party secretaries, and Central Military Commission members; (2) documentation and photographic evidence of assets owned or controlled directly or indirectly, including real estate inside and outside China (including Hong Kong and Macau), high-value personal assets (e.g., yachts, luxury vehicles, private aircraft), and foreign business holdings, investments, and financial accounts; (3) identification of financial proxies, business associates, or entities obscuring ownership, using ODNI’s March 20, 2025, report as a baseline; (4) an assessment of intelligence community cooperation in preparing the report; and (5) nonpublic information consistent with protecting sources and methods. The publicly posted report is unclassified; the version submitted to Congress may include a classified annex.