Treasury must find and freeze money of top Chinese officials.

What it does

The bill tells the Treasury Secretary to make a list. The list names at least 10 senior Chinese Communist Party officials and their money in U.S. and foreign banks. This happens within 90 days after the President says China is a threat to Taiwan. Then it happens once a year for 3 more years. U.S. banks must stop doing business with these officials and their families. The President can skip these rules if he thinks it helps.

Who it affects

The bill targets top Chinese Communist Party officials and their families. U.S. banks and foreign banks must follow the rules. The President decides when the bill starts and can stop it.

One thing to notice

The President alone decides if China is a threat. The President can waive the rules anytime with no Congress vote.

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 $1,519,787 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 handles money and banks.
• Chinese Communist Party — The political party that runs China's government.
• 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.