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HR 7704 117th Congress House Finance and Financial Sector Asia Bank accounts, deposits, capital Banking and financial institutions regulation China Congressional oversight Diplomacy, foreign officials, Americans abroad Foreign and international banking Fraud offenses and financial crimes Military operations and strategy Taiwan

Taiwan Conflict Deterrence Act of 2022

Introduced: July 13, 2022 Introduced by: Hill, J. French Republican · Arkansas See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 2022
Sponsor introductory remarks on measure. (CR H5092)
May 10, 2022
Referred to the House Committee on Financial Services.
May 10, 2022
Introduced in House
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 Plain-English summary Congressional Research Service

Taiwan Conflict Deterrence Act of 2022

This bill requires additional reporting regarding the domestic and foreign financial activity of specified Chinese officials.

Specifically, the bill requires the Department of the Treasury, upon a determination by the President that a threat to the interests of the United States exists resulting from actions by China, to (1) report to Congress on funds held by certain members of the Chinese Communist Party, including the total amount of funds, a description of the funds, and a list of related financial institutions; and (2) brief Congress on how these funds were acquired and any illicit or corrupt means employed to acquire or use the funds.

The bill also allows Treasury to prohibit significant transactions between U.S. financial institutions and these individuals.

What's happening now May 17, 2022

Sponsor introductory remarks on measure. (CR H5092)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 1 Republican 4
R
Barr, Andy
Kentucky · Jul 13, 2022
Buck, Ken
· Jul 13, 2022
 R
Kim, Young
California · Jul 13, 2022
 R
Lucas, Frank D.
Oklahoma · Jul 13, 2022
 R
Wagner, Ann
Missouri · Jul 13, 2022
 D
Sherman, Brad
California · May 10, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7704: Taiwan Conflict Deterrence Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7704/
MLA
"H.R. 7704: Taiwan Conflict Deterrence Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7704/.
Bluebook (legal)
H.R. 7704, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7704/.
Markdown link
[H.R. 7704: Taiwan Conflict Deterrence Act of 2022](https://openamerica.io/bill/117-HR-7704/)
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