H.R. 1156 · 118th Congress · Finance and Financial Sector
China Financial Threat Mitigation Act of 2023
What it does
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.
Summary by the Congressional Research Service, May 22, 2023 (Passed House). CRS summarizes bills impartially; it does not take positions.
Roll call votes
| Date | Question | Party split (yea) | Result |
|---|---|---|---|
| May 22, 2023 House roll 228 |
On Motion to Suspend the Rules and Pass, as AmendedChina Financial Threat Mitigation Act | D 195–0 · R 205–5 |
Passed 400–5 |
Latest action
May 30, 2023 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.