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HR 2372 118th Congress House Crime and Law Enforcement

STAND with Taiwan Act of 2023

Introduced: March 29, 2023 See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Dec 17, 2024
Referred to the Subcommittee on Trade.
Mar 29, 2023
Introduced in House
Mar 29, 2023
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Ways and Means, the Judiciary, and Rules, 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.
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 Plain-English summary Congressional Research Service

Sanctions Targeting Aggressors of Neighboring Democracies with Taiwan Act of 2023 or the STAND with Taiwan Act of 2023

This bill requires the imposition of sanctions in the event of a military invasion of Taiwan by China and addresses related issues.

If the President determines that China or any of its proxies has initiated a military invasion of Taiwan, or if a joint resolution making such a determination is enacted, the bill requires

  • the President to impose visa- and property-blocking sanctions on certain senior officials of China's government and the Chinese Communist Party (CCP);
  • the Department of the Treasury to impose property-blocking sanctions on specified foreign financial institutions, including banks under the jurisdiction of China and in which China's government holds an interest;
  • Treasury to impose property-blocking sanctions on any entity affiliated with China's government or the CCP;
  • the Securities and Exchange Commission (SEC) to prohibit the trading of the securities of an issuer affiliated with China's government or the CCP on a national securities exchange;
  • Treasury to prohibit U.S. financial institutions from making certain investments, such as investments in an entity owned or controlled by China's government, the CCP, or China's military;
  • the prohibition of the importation of certain goods, including goods produced wholly or in part in China or by certain entities owned or financed by China's government or the CCP; and
  • a prohibition on any depository institution or SEC-registered securities broker or dealer processing funds transfers to or from China or for the benefit of Chinese government officials or CCP members.


What's happening now December 17, 2024

Referred to the Subcommittee on Trade.

 Related & companion bills 2
  • S 1027 Identical bill STAND with Taiwan Act of 2023
  • S 4789 Related bill STAND with Taiwan Act of 2024
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 6
 Cosponsors 1
All 1 Republican 1
R
LaLota, Nick
New York · May 10, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2372: STAND with Taiwan Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2372/
MLA
"H.R. 2372: STAND with Taiwan Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2372/.
Bluebook (legal)
H.R. 2372, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2372/.
Markdown link
[H.R. 2372: STAND with Taiwan Act of 2023](https://openamerica.io/bill/118-HR-2372/)
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