HR1531Referred to Committee

PROTECT Taiwan Act

Introduced

In Committee

Passed One Chamber

Passed Both

Signed into Law

119th

Congress

2025-02-24

Introduced

Cosponsors

ⓘ

Type

Sponsor

Frank D. Lucas

Republican · OK · Representative

Votes with party: 97.8% (549 recorded votes)

Full profile: /officials/L000491

Source: Congress.gov · FEC

Cosponsors (2)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

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

2026-02-11

Source: Congress.gov

Plain-English Summary

This bill would strengthen U.S. support for Taiwan by likely increasing military aid, deepening diplomatic ties, and potentially removing restrictions on official government-to-government interactions between the United States and Taiwan. The measure would affect U.S. foreign policy toward China and the Asia-Pacific region, with implications for defense contractors, military personnel, and diplomatic officials involved in these relationships. The bill reflects congressional intent to bolster Taiwan's security and international standing amid regional tensions.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Affected Industries

Industries and interest groups with a stake in how this bill is resolved. Compare with each member's outside-money backers on their finance page.

China Policy

Why this matters: Look up any member who voted on this bill and check their finance page — do the industries listed above match the groups funding their campaigns? That's the kind of connection this tool is built to help you find.

Subjects

International Affairs

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[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.

Open clean-text view Read on Congress.gov →

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