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H.R. 1531: PROTECT Taiwan Act
119th Congress · introduced 2025-02-24 · International Affairs · Latest: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
federal
Official title
PROTECT Taiwan Act
Plain summary
Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act or the PROTECT Taiwan Act This bill requires certain federal entities to seek to exclude China from six international financial organizations if the President informs Congress that China's actions threaten Taiwan and pose a danger to U.S. interests. Specifically, the bill establishes that it is U.S. policy to seek to exclude Chinese representatives from participating in the activities of six international organizations if the President informs Congress that China's actions pose any (1) threat to Taiwan's security, economic system, or social system; and (2) danger to U.S. interests. The six specified organizations are the Group of Twenty, the Bank for International Settlements, the Financial Stability Board, the Basel Committee on Banking Supervision, the International Association of Insurance Supervisors, and the International Organization of Securities Commissions. In the event that the President so informs Congress, the bill requires the Department of the Treasury, the Federal Reserve, and the Securities and Exchange Commission to take all necessary steps to advance the exclusion policy. The President may waive the application of this policy to an organization if doing so is in the national interest of the United States.
Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.
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If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
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Officials and money
Sponsor: Rep. Lucas, Frank D. [R-OK-3] · 2 cosponsors
Money: CBO cost estimate: H.R. 1531, Pressure Regulatory Organizations to End Chinese Threats to Taiwan Act (2025-09-25) No linked contracts or vendors yet.
Recorded votes
- House roll call 58 (2026): On Motion to Suspend the Rules and Pass, as Amended, H R 1531 (2026-02-09): Passed
Words on this page, explained (2)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
- Securities
- Financial investments that can be bought and sold, such as stocks and bonds.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Reported to House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr1531.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>
Record fed-us-cong119-hr1531 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills