China Financial Threat Mitigation Act of 2023

Bill: 118-hr-1156
Sponsor: Rep. Spanberger, Abigail Davis [D-VA-7]
Introduced: 2023-02-24 in the House
Policy area: Finance and Financial Sector
Subjects: Asia
China
Congressional oversight
Financial crises and stabilization
Government information and archives
Government studies and investigations

Summary:
action_date: 2023-02-24
text: 

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_date: 2023-05-22
text: 

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. 
 


Legislative actions:
action_date: 2023-05-30
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2023-05-22
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2023-05-22
text: 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)
action_date: 2023-05-22
text: Passed/agreed to in House: 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)
action_date: 2023-05-22
text: Considered as unfinished business. (consideration: CR H2483-2484)
action_date: 2023-05-22
text: 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.
action_date: 2023-05-22
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 1156.
action_date: 2023-05-22
text: Considered under suspension of the rules. (consideration: CR H2471-2472)
action_date: 2023-05-22
text: Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
action_date: 2023-05-22
text: Placed on the Union Calendar, Calendar No. 52.
action_date: 2023-05-22
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.
action_date: 2023-05-22
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.
action_date: 2023-02-28
text: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
action_date: 2023-02-28
text: Committee Consideration and Mark-up Session Held.
action_date: 2023-02-24
text: Referred to the House Committee on Financial Services.
action_date: 2023-02-24
text: Introduced in House
action_date: 2023-02-24
text: Introduced in House