In Senate Committee·Last action 295 days ago

H.R. 1716 targets senior CCP officials’ funds after a Taiwan threat notice

Officially: Taiwan Conflict Deterrence Act of 2025

After a formal Taiwan-related threat notice, Treasury must report on funds linked to at least 10 senior Chinese Communist Party officials and publicly release unclassified parts. It also blocks major U.S. financial transactions with listed officials and certain family members who benefit from those funds, with waivers and exceptions.

Where it stands

Sitting in Banking

No vote scheduled. Constituent contact is what moves bills out of committee.

What this bill actually does

Treasury has to send a first report within 90 days after the President issues a formal Taiwan-related threat notice, and then send yearly reports for the next three years, to certain congressional leaders. Those reports must cover funds controlled by at least 10 specified senior Chinese Communist Party officials.
Each report must estimate how much money the covered officials control in financial institutions, even if they control it indirectly through other people or entities. It also has to describe those funds and name financial institutions that hold major related accounts or provide major related financial services.
After each report, Treasury has to brief designated Members of Congress within 30 days. The briefing must cover how the funds were obtained, including any illegal or corrupt methods involved.

↓ Why your message matters here

This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.

Where your representatives stand

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The debate

What people are saying about this bill

✓Arguments in support

Deters Chinese Aggression: By targeting the finances of Chinese leaders, the bill raises the personal costs of threatening Taiwan, showing U.S. resolve.
Protects a Key Ally: Ensures a rapid response to threats against Taiwan, strengthening its security and the global semiconductor supply chain.
Increases Transparency: Public reporting on the assets of Chinese leaders pressures Beijing internally and exposes hidden wealth.

✕Arguments against

Risk of Escalation: Could provoke China economically, increasing tensions in the Taiwan Strait.
Burden on U.S. Banks: Compliance with family transaction bans could be complex and costly for financial institutions.
Limited Deterrence: Chinese elites might move assets before the bill is triggered, reducing its effectiveness.

Where this bill is in the process

Legislative timeline

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Introduced

Introduced in House

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House Committee

Under House committee consideration

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House Floor Vote

Voted on by House

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Passed House

Approved by House

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Senate Review

Sent to Senate for consideration

Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (7/22/2025)

JUL 22

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Passed Both Chambers

Approved by both House and Senate

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Signed into Law

Signed by the President

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H.R. 1716 targets senior CCP officials’ funds after a Taiwan threat notice

Where your representatives stand

What people are saying about this bill

Legislative timeline

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