{"@context":"https://schema.org","@type":"Legislation","name":"STAND with Taiwan Act of 2022","description":"

Sanctions Targeting Aggressors of Neighboring Democracies with Taiwan Act of 2022 or the STAND with Taiwan Act of 2022

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 any foreign person who is a member of the Chinese Communist Party (CCP);
the Department of the Treasury to impose property-blocking sanctions on specified foreign financial institutions, including the People's Bank of China and the China Construction Bank;
Treasury to impose property-blocking sanctions on any entity affiliated with the CCP;
the Securities and Exchange Commission (SEC) to prohibit the trading of the securities of an issuer affiliated with the CCP on a national securities exchange;
Treasury to prohibit U.S. financial institutions from making certain investments, such as investments in an entity owned or controlled by the CCP or China's military; and
the prohibition of the importation of certain goods, including goods produced wholly or in part in China or by certain entities owned or financed by the CCP.

Furthermore, a depository institution or an SEC-registered securities broker or dealer may not process funds transfers (1) to or from China, or (2) for the benefit of CCP members.

The bill provides various waivers and exceptions to the required sanctions and prohibitions, such as an exception for certain U.S. intelligence activities.

","legislationIdentifier":"S 3526","legislationType":"Bill","legislationLegalForce":"NotInForce","legislationJurisdiction":"USA","author":[{"@type":"Person","name":"Dan Sullivan","url":"https://legisdaily.com/mp/dan-sullivan-us"}],"about":{"@type":"Thing","name":"International Affairs"},"keywords":"Asia, Bank accounts, deposits, capital, China, Foreign and international banking, Foreign and international corporations, Foreign property, International organizations and cooperation, Legislative rules and procedure, Manufacturing, Military operations and strategy, Pacific Ocean, Political parties and affiliation, Presidents and presidential powers, Vice Presidents, Sanctions, Securities, Sovereignty, recognition, national governance and status, Taiwan, Trade restrictions, U.S. and foreign investments, Visas and passports, War and emergency powers","dateModified":"2025-01-14T00:00:00.000Z","url":"https://legisdaily.com/bill/USA-117-S-3526"}

Dan Sullivan

Banking, Housing, and Urban Affairs Committee

Dan Sullivan

Banking, Housing, and Urban Affairs Committee