IB 
Union Calendar No. 267 
118TH CONGRESS 
1ST SESSION H. R. 4765 
[Report No. 118–328] 
To require the Secretary of the Treasury to carry out a study on Chinese 
support for Afghan illicit finance, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 20, 2023 
Mr. LYNCH (for himself and Mr. NUNN of Iowa) introduced the following bill; 
which was referred to the Committee on Financial Services 
DECEMBER 19, 2023 
Additional sponsor: Mr. MOLINARO 
DECEMBER 19, 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 July 20, 2023] 
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A BILL 
To require the Secretary of the Treasury to carry out a 
study on Chinese support for Afghan illicit finance, and 
for other purposes. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Exposing China’s Sup-
port for the Taliban Act’’. 
SEC. 2. STUDY ON CHINESE SUPPORT FOR AFGHAN ILLICIT 
FINANCE. 
(a) FINDINGS.—Congress finds the following: 
(1) Though China and Afghanistan share only a 
small land border, when it comes to illicit financial 
activity between the two countries, China has a dem-
onstrated history of permissiveness regarding traf-
ficking and money laundering that could support both 
the Taliban and its associates. 
(2) A 2014 Financial Action Task Force report 
titled, ‘‘Financial Flows Linked to the Production 
and Trafficking of Afghan Opiates’’ found evidence of 
import/export companies registered in China that 
were transferring funds to Afghanistan, likely as part 
of trade-based money laundering schemes centered 
around illicit opium production and trafficking, 
which, per the United Nations Office on Drugs and 
Crime (UNODC), is one of the Taliban’s main sources 
of income. 
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(3) Since the U.S. withdrawal from Afghanistan 
in August 2021, China has announced its willingness 
to lend financial support and legitimacy to the 
Taliban-led government in Afghanistan, including Af-
ghan Interior Minister, Sirajuddin Haqqani, a mem-
ber of the U.S.-sanctions designated Foreign Terrorist 
Organization, the Haqqani Network. 
(4) China’s permissive policies regarding Afghan 
illicit finance run counter to the strategic interests of 
the United States with respect to countering traf-
ficking and preventing terrorist groups from accessing 
the international financial system. 
(5) China’s role as a critical source of financial 
wherewithal for the Taliban and its associates to 
process and implement drug and other illicit-activity 
transactions warrants further study as these actions 
pose a threat both to the safety and security of the 
people of Afghanistan and the international commu-
nity. 
(6) Congress needs to better understand how 
China could leverage its relationships and resources 
within Afghanistan and how these activities could di-
rectly or indirectly provide financial support to ter-
rorist organizations, including the Taliban and its 
associates. 
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(b) STUDY.— 
(1) REQUIREMENT.—Not later than one year 
after the date of the enactment of this Act, the Sec-
retary of the Treasury shall provide to the Committee 
on Financial Services of the House of Representatives 
and the Committee on Banking, Housing, and Urban 
Affairs of the Senate a report on the financial activi-
ties of the Government of China and Chinese entities 
in connection with the finances of Afghanistan and 
the Taliban. 
(2) MATTERS
INCLUDED.—The report under 
paragraph (1) shall include the following: 
(A) An assessment of the activities under-
taken by the Government of China and Chinese- 
registered companies to support illicit financial 
networks in Afghanistan, particularly such net-
works involved in narcotics trafficking, illicit fi-
nancial transactions, official corruption, natural 
resources exploitation, and terrorist networks. 
(B) An assessment of financial, commercial, 
and economic activities undertaken by the Gov-
ernment of China and Chinese companies in Af-
ghanistan to support Chinese policies counter to 
American strategic interests. 
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(C) Any recommendations to Congress re-
garding legislative or regulatory improvements 
necessary to support the identification and dis-
ruption of Chinese-supported illicit financial 
networks in Afghanistan. 
(3) FORM.—The report under paragraph (1) 
may include a classified annex. 
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Union Calendar No. 267 
118TH CONGRESS 
1ST SESSION 
H. R. 4765 
[Report No. 118–328] 
A BILL 
To require the Secretary of the Treasury to carry 
out a study on Chinese support for Afghan illicit 
finance, and for other purposes. 
DECEMBER 19, 2023 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
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