Union Calendar No. 52
118th CONGRESS 1st Session |
[Report No. 118–72]
To require the Secretary of the Treasury to conduct a study and report on the exposure of the United States to the financial sector of the People’s Republic of China, and for other purposes.
February 24, 2023
Ms. Spanberger (for herself and Mr. Williams of Texas) introduced the following bill; which was referred to the Committee on Financial Services
May 22, 2023
Additional sponsors: Mr. Lawler, Ms. Lee of Nevada, and Mr. Ryan
May 22, 2023
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed in italic]
[For text of introduced bill, see copy of bill as introduced on February 24, 2023]
To require the Secretary of the Treasury to conduct a study and report on the exposure of the United States to the financial sector of the People’s Republic of China, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “China Financial Threat Mitigation Act of 2023”.
SEC. 2. China financial threat mitigation.
(a) Report.—Not later than one year after the date of the enactment of this Act, the Secretary of the Treasury, in consultation with the Chairman of the Board of Governors of the Federal Reserve System, the Chairman of the Securities and Exchange Commission, the Chairman of the Commodity Futures Trading Commission, and the Secretary of State, shall conduct a study and issue a report on the exposure of the United States to the financial sector of the People’s Republic of China that includes—
(1) an assessment of the effects of reforms to the financial sector of the People’s Republic of China on the United States and global financial systems;
(2) a description of the policies the United States Government is adopting to protect the interests of the United States while the financial sector of the People’s Republic of China undergoes such reforms;
(b) Transmission of report.—The Secretary of the Treasury shall transmit the report required under subsection (a) not later than one year after the date of enactment of this Act to the Committees on Financial Services and Foreign Affairs of the House of Representatives, the Committees on Banking, Housing, and Urban Affairs and Foreign Relations of the Senate, and to the United States representatives at relevant international organizations, as appropriate.
Union Calendar No. 52 | |||||
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[Report No. 118–72] | |||||
A BILL | |||||
To require the Secretary of the Treasury to conduct a study and report on the exposure of the United States to the financial sector of the People’s Republic of China, and for other purposes. | |||||
May 22, 2023 | |||||
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed |