H.R. 1156 · 118th Congress · House

China Financial Threat Mitigation Act of 2023

In Congress· Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced
Feb 24, 23
Passed House
May 22, 23
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Previous Versions

00Feb 24, 2023

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 financial sector of China. 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.

Action Timeline

17
  1. MAY 30, 2023•IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. MAY 22, 2023•Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.

    118Yea
    72Nay
    0NV
  3. MAY 22, 2023•Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.

    118Yea
    72Nay
    0NV
  4. MAY 22, 2023•Calendars

    Placed on the Union Calendar, Calendar No. 52.

  5. MAY 22, 2023•Floor

    Mr

    Luetkemeyer moved to suspend the rules and pass the bill, as amended.

  6. MAY 22, 2023•Floor

    Considered under suspension of the rules

    (consideration: CR H2471-2472)

    2471Yea
    2472Nay
    0NV
  7. MAY 22, 2023•Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1156.

  8. MAY 22, 2023•Floor

    At the conclusion of debate, the Yeas and Nays were demanded and ordered

    Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

  9. MAY 22, 2023•Floor

    Considered as unfinished business

    (consideration: CR H2483-2484)

    2483Yea
    2484Nay
    0NV
  10. MAY 22, 2023•Floor

    Passed/agreed to in House

    Roll Call #229

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 5 (Roll no. 229). (text: CR H2471)

    400Yea
    5Nay
    0NV
  11. MAY 22, 2023•Floor

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 5 (Roll no. 229). (text: CR H2471)

    Roll Call #229
    400Yea
    5Nay
    0NV
  12. MAY 22, 2023•Floor

    Motion to reconsider laid on the table Agreed to without objection.

  13. FEB 28, 2023•Committee

    Committee Consideration and Mark-up Session Held.

  14. FEB 28, 2023•Committee

    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.

    40Yea
    0Nay
    0NV
  15. FEB 24, 2023•IntroReferral

    Introduced in House

  16. FEB 24, 2023•IntroReferral

    Introduced in House

  17. FEB 24, 2023•IntroReferral

    Referred to the House Committee on Financial Services.

Committees

4

Banking, Housing, and Urban Affairs Committee

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Referred: May 30, 2023

Active

Financial Services Committee

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Referred: May 22, 2023

Active

Financial Services Committee

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Referred: Feb 28, 2023

Active

Financial Services Committee

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Referred: Feb 24, 2023

Active