PROTECT Taiwan Act

Frank D. Lucas

Republican · OK · Representative

Source: Congress.gov · FEC

• Vicente Gonzalez (D-TX-34)Original· 2025-02-24
• Michael Lawler (R-NY-17)· 2025-09-16

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

2026-02-11

Source: Congress.gov

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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1531 Engrossed in House (EH)] <DOC> 119th CONGRESS 2d Session H. R. 1531 _______________________________________________________________________ AN ACT To direct certain financial regulators to exclude representatives of the People's Republic of China from certain banking organizations upon notice of certain threats or danger, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act'' or the ``PROTECT Taiwan Act''. SEC. 2. STATEMENT OF POLICY REGARDING THE EXCLUSION OF REPRESENTATIVES OF THE PEOPLE'S REPUBLIC OF CHINA FROM CERTAIN BANKING ORGANIZATIONS UPON NOTICE OF CERTAIN THREATS OR DANGER. (a) In General.--If the President, pursuant to section 3(c) of the Taiwan Relations Act (22 U.S.C. 3302(c)), informs the Congress of any threat to the security or the social or economic system of the people on Taiwan and any danger to the interests of the United States arising therefrom resulting from actions of the People's Republic of China, it is the policy of the United States to seek to exclude representatives of the People's Republic of China, to the maximum extent practicable, from participation in meetings, proceedings, and other activities of the following organizations: (1) The Group of Twenty. (2) The Bank for International Settlements. (3) The Financial Stability Board. (4) The Basel Committee on Banking Supervision. (5) The International Association of Insurance Supervisors. (6) The International Organization of Securities Commissions. (b) Policy Advancement.--The Secretary of the Treasury, the Board of Governors of the Federal Reserve System, and the Securities and Exchange Commission shall take all necessary steps to advance the policy set forth in subsection (a). (c) Waiver.--The President may waive the application of subsection (a) with respect to an organization upon submission of a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate-- (1) that such waiver is in the national interest of the United States; and (2) that contains an explanation of the reasons therefor. (d) Sunset.--This Act and the requirements of this Act shall have no force or effect on the date that is the earlier of-- (1) 5 years after the date of the enactment of this Act; or (2) 30 days after the date on which the President notifies Congress that the termination of this Act is in the national interest of the United States. Passed the House of Representatives February 9, 2026. Attest: Clerk. 119th CONGRESS 2d Session H. R. 1531 _______________________________________________________________________ AN ACT To direct certain financial regulators to exclude representatives of the People's Republic of China from certain banking organizations upon notice of certain threats or danger, and for other purposes.

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