Taiwan Conflict Deterrence Act of 2022

Sponsor introductory remarks on measure. (CR H5092)

Congressional Research Service

Official summary

Version 00 · Introduced in House · May 10, 2022

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.

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People & committees

Who introduced it

Rep. Hill, J. French [R-AR-2] · R–AR

Committees

Financial Services Committee

6 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

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
May 10, 2022
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · May 10, 2022 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

HR 554 · Taiwan Conflict Deterrence Act of 2023

Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.7704 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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Discuss H.R.7704, 117th Congress: Taiwan Conflict Deterrence Act of 2022

Official record: https://www.congress.gov/bill/117th-congress/house-bill/7704

Text version to examine: Introduced in House · 2022-05-10.

Official full text: https://www.congress.gov/117/bills/hr7704/BILLS-117hr7704ih.htm

Imported record last updated by the source: 2025-01-03T07:49:31Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.7704 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.

Fairness and public impact

Progressive lens

Examine H.R.7704 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss H.R.7704, 117th Congress: Taiwan Conflict Deterrence Act of 2022

Official record: https://www.congress.gov/bill/117th-congress/house-bill/7704

Text version to examine: Introduced in House · 2022-05-10.

Official full text: https://www.congress.gov/117/bills/hr7704/BILLS-117hr7704ih.htm

Imported record last updated by the source: 2025-01-03T07:49:31Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.7704 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.7704 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss H.R.7704, 117th Congress: Taiwan Conflict Deterrence Act of 2022

Official record: https://www.congress.gov/bill/117th-congress/house-bill/7704

Text version to examine: Introduced in House · 2022-05-10.

Official full text: https://www.congress.gov/117/bills/hr7704/BILLS-117hr7704ih.htm

Imported record last updated by the source: 2025-01-03T07:49:31Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.7704 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.7704 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.7704, 117th Congress: Taiwan Conflict Deterrence Act of 2022

Official record: https://www.congress.gov/bill/117th-congress/house-bill/7704

Text version to examine: Introduced in House · 2022-05-10.

Official full text: https://www.congress.gov/117/bills/hr7704/BILLS-117hr7704ih.htm

Imported record last updated by the source: 2025-01-03T07:49:31Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.7704 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.