PROTECT Taiwan Act

Sponsor: Frank D. Lucas (Republican-OK)February 24, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Requires US financial regulators to try to remove China from global banking groups if Taiwan is threatened and US interests are endangered.

This bill would create a new U.S. policy to try and remove representatives from China from six major international banking groups. This would happen if the President determines that China's actions threaten Taiwan and U.S. interests. Key U.S. financial agencies would be directed to carry out this policy.

What Would Change

Today, there are no specific laws telling U.S. financial regulators to try and remove China's representatives from international banking groups if Taiwan is threatened. If this bill becomes law, it would create a U.S. policy to seek China's exclusion from six major global financial organizations when the President identifies a threat to Taiwan and U.S. interests. Key U.S. financial agencies would then be directed to carry out this policy.

Key Provisions

Creates a U.S. policy to try and remove China's representatives from six major global banking organizations if the President says China threatens Taiwan and U.S. interests.
Directs the Treasury Secretary, Federal Reserve, and SEC to take steps to carry out this exclusion policy.
Lets the President pause this exclusion policy if it's in the national interest, but requires a report to Congress explaining why.
Ends the entire act after five years, or sooner if the President decides it's no longer needed.

View on Congress.gov

HR 1531 · 119th Congress · February 24, 2025 · AI Summary by gemini-2.5-flash · 8/10

Party	Yes	No	NV
Republicans	197	1	19
Democrats	197	1	16
Independents	1	0	0

Party	Yes	No	NV
Republicans	197	1	19
Democrats	197	1	16
Independents	1	0	0

PROTECT Taiwan Act

What Would Change

Key Provisions

Party Breakdown

Vote Details

Lobbying Activity

Party Breakdown

Vote Details