PlainBillCongress, translated.Legislation. Context. Public interest.Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congressional Research Service
Version 53 · Passed House · May 22, 2023
China Financial Threat Mitigation Act of 2023
This bill requires the Department of the Treasury, in consultation with specified federal financial agencies, to report on the exposure of the United States to the activity of China's financial sector. The report must include
the effects the reforms to China's financial sector have on U.S. and global financial systems,
a description of the policies the United States is adopting to protect U.S. interests,
a description and analysis of any risks presented by China to the financial stability of the United States and the global economy, and
recommendations for additional actions to strengthen international cooperation to mitigate risks and protect U.S. interests.
People & committees
Rep. Spanberger, Abigail Davis [D-VA-7] · D–VA
Legislative record
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Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 5 (Roll no. 229). (text: CR H2471)
House roll call 229 · Individual votesPassed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 5 (Roll no. 229). (text: CR H2471)
House roll call 229 · Individual votesConsidered as unfinished business. (consideration: CR H2483-2484)
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
DEBATE - The House proceeded with forty minutes of debate on H.R. 1156.
Considered under suspension of the rules. (consideration: CR H2471-2472)
Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
Placed on the Union Calendar, Calendar No. 52.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
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Source last updated: May 27, 2025. Consult Congress.gov for the current record.
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Analyze H.R.1156 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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