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HR 7411 117th Congress House International Affairs Asia Banking and financial institutions regulation China Foreign and international banking Presidents and presidential powers, Vice Presidents Sanctions Taiwan

Ostracize China Act of 2022

Introduced: April 6, 2022 Introduced by: Lucas, Frank D. Republican · Oklahoma See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2022
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 concerned.
Apr 6, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Ostracize China Act of 2022

This bill requires certain actions if the President informs Congress about actions by China that result in (1) threats to Taiwan's security or social or economic system, and (2) any danger to U.S. interests. Specifically, after the President informs Congress, various federal agencies must take all necessary steps to exclude China's representatives from the activities of specified international organizations, including the Group of 20, the Financial Stability Board, and the Basel Committee on Banking Supervision.

The President may waive these requirements if doing so is in the national interest of the United States.

What's happening now April 6, 2022

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 concerned.

 Committees of jurisdiction 2