H.R. 1156 · 118th Congress
China Financial Threat Mitigation Act of 2023
- Stage
- Passed a chamber
- Sponsor
- Abigail Spanberger
- Introduced
- 2023-02-24
- Latest action
- 2023-05-30 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
China Financial Threat Mitigation Act of 2023
This bill requires the Department of the Treasury, in consultation with specified federal financial agencies, to report on the exposure of the United States to the activity of China's financial sector. The report must include
the effects the reforms to China's financial sector have on U.S. and global financial systems, a description of the policies the United States is adopting to protect U.S. interests, a description and analysis of any risks presented by China to the financial stability of the United States and the global economy, and recommendations for additional actions to strengthen international cooperation to mitigate risks and protect U.S. interests.