Bill targets Chinese officials' money in U.S. banks over Taiwan.
H.R. 1716 — Taiwan Conflict Deterrence Act of 2025 · Filed by Lisa McClain (R-MI) · 1 cosponsor · Introduced Feb 27, 2025 · Passed chamber
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What it does
The bill tells the Treasury Secretary to find bank accounts. These accounts belong to top Chinese Communist Party officials in the U.S. The Secretary must report what money they hold and how they got it. U.S. banks cannot do big money deals with these officials or their close family members. The President can start this rule if China threatens Taiwan. The rule lasts three years, then stops.
Who it affects
Chinese Communist Party officials and their immediate family members lose access to U.S. banks. U.S. banks must follow new rules about these accounts. Americans benefit from stronger protection against threats to Taiwan.
One thing to notice
The President decides when to start the rule by declaring a threat from China. The bill does not say what counts as a threat.
From the analysis of the bill text, linked under Primary records below.
Where it stands
1 cosponsor: 1 Democrats.
- Feb 27, 2025 — Introduced · Congress.gov: “Introduced in House”
- Feb 27, 2025 — Referred to House Committee on Foreign Affairs and House Committee on Financial Services · Congress.gov: “Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a…”
- Mar 5, 2025 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
- Mar 5, 2025 — Reported out of committee · Congress.gov: “Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 0”
- Jul 21, 2025 — Passed the House · Congress.gov: “On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3514-3515)”
- Jul 21, 2025 — Floor vote scheduled · Congress.gov: “Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
1 groups reported lobbying about this bill. They filed 1 reports from Dec 2025 to Dec 2025.
Those reports show $290,000 in lobbying spending. Each report lists about 89 bills. So that money was not all for this bill.
More groups named this bill than 0% of bills with any report.
Lisa McClain, who sponsored the bill, received $1,569,787 from PACs for the 2026 election.
- Fdd Action — $290,000 in 1 report
Lobbying is legal. These reports show who lobbied about this bill, not what changed.
Words to know
- Treasury Secretary — The head of the U.S. Department of the Treasury, which manages money and banks.
- Chinese Communist Party — The political party that runs China's government.
- immediate family members — Spouses, children, parents, and siblings of a person.
- lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
- PACs — Groups that collect money and give it to candidates for office.
- sponsored — To sponsor a bill is to introduce it in Congress and put your name on it.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (8,662 characters) on Jul 2, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,939 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Dec 2025 to Dec 2025. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jan 20, 2026 · page rendered 2026-11-06.
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