I 
118TH CONGRESS 
1ST SESSION 
H. R. 803 
To direct certain financial regulators to exclude representatives of the People’s 
Republic of China from certain banking organizations upon notice of 
certain threats or danger, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 2, 2023 
Mr. LUCAS (for himself and Mr. VICENTE GONZALEZ of Texas) introduced the 
following bill; which was referred to the Committee on Financial Services, 
and in addition to the Committee on Foreign Affairs, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
of such provisions as fall within the jurisdiction of the committee con-
cerned 
A BILL 
To direct certain financial regulators to exclude representa-
tives of the People’s Republic of China from certain 
banking organizations upon notice of certain threats or 
danger, and for other purposes. 
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 ‘‘Pressure Regulatory 
Organizations To End Chinese Threats to Taiwan Act’’ 
or the ‘‘PROTECT Taiwan Act’’. 
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SEC. 2. EXCLUSION OF REPRESENTATIVES OF THE PEO-
PLE’S REPUBLIC OF CHINA FROM CERTAIN 
BANKING ORGANIZATIONS UPON NOTICE OF 
CERTAIN THREATS OR DANGER. 
(a) IN GENERAL.—Not later than 10 days after the 
date that the President, pursuant to section 3(c) of the 
Taiwan Relations Act (22 U.S.C. 3302(c)), informs the 
Congress of any threat to the security or the social or eco-
nomic system of the people on Taiwan and any danger 
to the interests of the United States arising therefrom re-
sulting from actions of the People’s Republic of China, the 
Secretary of the Treasury, the Board of Governors of the 
Federal Reserve System, and the Securities and Exchange 
Commission (as appropriate) shall take all necessary steps 
to exclude representatives of the People’s Republic of 
China from participation in meetings, proceedings, and 
other activities of the following organizations: 
(1) The Group of Twenty. 
(2) The Bank for International Settlements. 
(3) The Financial Stability Board. 
(4) The Basel Committee on Banking Super-
vision. 
(5) The International Association of Insurance 
Supervisors. 
(6) The International Organization of Securities 
Commissions. 
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(b) WAIVER.—The President may waive the applica-
tion of subsection (a) upon submission of a report to the 
Committee on Financial Services of the House of Rep-
resentatives and the Committee on Banking, Housing, and 
Urban Affairs of the Senate— 
(1) that such waiver is in the national interest 
of the United States; and 
(2) that contains an explanation of the reasons 
therefor. 
(c) SUNSET.—This Act and the requirements of this 
Act shall have no force or effect on the date that is the 
earlier of— 
(1) 5 years after the date of the enactment of 
this Act; or 
(2) 30 days after the date on which the Presi-
dent notifies Congress that the termination of this 
Act is in the national interest of the United States. 
Æ 
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