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Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023

USA118th CongressS-481| Senate 
| Updated: 2/16/2023
Rick Scott

Rick Scott

Republican Senator

Florida

Cosponsors (1)
Kevin Cramer (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023 This bill requires sanctions and other actions if China's government makes any attempt to subject Taiwan to China's control, including by invading Taiwan's territory. If China's government makes such an attempt, the bill requires certain actions, including (1) imposing sanctions against Chinese nationals, citizens, and entities that participate in the attempt; (2) prohibiting the trading in the securities of Chinese entities on national securities exchanges; and (3) imposing sanctions on global financial communications services providers that continue to provide financial communications services to the Central Bank of China or any foreign financial institutions subject to sanctions under this bill.
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Timeline

Bill from Previous Congress

S 117-3735
Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2022
Feb 16, 2023
Introduced in Senate
Feb 16, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 117-3735
    Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2022


  • February 16, 2023
    Introduced in Senate


  • February 16, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

International Affairs

Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023

USA118th CongressS-481| Senate 
| Updated: 2/16/2023
Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023 This bill requires sanctions and other actions if China's government makes any attempt to subject Taiwan to China's control, including by invading Taiwan's territory. If China's government makes such an attempt, the bill requires certain actions, including (1) imposing sanctions against Chinese nationals, citizens, and entities that participate in the attempt; (2) prohibiting the trading in the securities of Chinese entities on national securities exchanges; and (3) imposing sanctions on global financial communications services providers that continue to provide financial communications services to the Central Bank of China or any foreign financial institutions subject to sanctions under this bill.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 117-3735
Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2022
Feb 16, 2023
Introduced in Senate
Feb 16, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 117-3735
    Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2022


  • February 16, 2023
    Introduced in Senate


  • February 16, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Rick Scott

Rick Scott

Republican Senator

Florida

Cosponsors (1)
Kevin Cramer (Republican)

Banking, Housing, and Urban Affairs Committee

International Affairs

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted