H.R.1156 — China Financial Threat Mitigation Act of 2023
House Roll Call
H.R.1156
| Bill | H.R.1156 — China Financial Threat Mitigation Act of 2023 |
|---|---|
| Vote question | On Motion to Suspend the Rules and Pass, as Amended |
| Vote type | 2/3 Yea-And-Nay |
| Result | Passed |
| Totals | Yea 400 / Nay 5 / Present 0 / Not Voting 29 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| R | 205 | 5 | 0 | 11 |
| D | 195 | 0 | 0 | 18 |
| I | 0 | 0 | 0 | 0 |
Research Brief
On Motion to Suspend the Rules and Pass, as Amended
Bill Analysis
Bill Summary: HR 1156 - China Financial Threat Mitigation Act of 2023
The China Financial Threat Mitigation Act of 2023 aims to address and mitigate financial risks posed by the People’s Republic of China (PRC) to U.S. economic security. The bill establishes a framework for identifying and responding to financial threats emanating from China, particularly in relation to investments and economic practices that could undermine U.S. financial stability.
Key Provisions:
Establishment of a Financial Threat Assessment: The bill mandates the Secretary of the Treasury to conduct a comprehensive assessment of financial threats posed by the PRC, including risks associated with investments in critical technologies and sectors.
Reporting Requirements: The Secretary must report to Congress on findings related to the PRC’s influence on U.S. financial markets, including potential impacts on national security and economic interests.
Investment Restrictions: The bill empowers the Committee on Foreign Investment in the United States (CFIUS) to review and potentially block transactions involving foreign investments from China that may pose a threat to national security.
Collaboration with Allies: It encourages collaboration with international partners to develop a coordinated approach to countering financial threats from China.
Funding and Authorities: The bill does not specify direct funding provisions but authorizes the Secretary of the Treasury to allocate necessary resources for conducting assessments and implementing measures outlined in the legislation.
Agencies Affected: The primary agencies involved include the U.S. Department of the Treasury and CFIUS, which will play crucial roles in assessing and mitigating risks.
Beneficiaries and Regulation: The bill primarily benefits U.S. financial institutions, businesses, and investors by providing a clearer framework for navigating risks associated with Chinese investments. It also aims to protect U.S. economic interests from potential destabilizing actions by the PRC.
Key Timelines: Following its introduction, the bill has been received in the Senate, read twice, and referred to the Committee on Banking, Housing, and Urban Affairs for further consideration. The timeline for subsequent actions remains to be determined as the legislative process unfolds.
Yea (400)
C
Colin Allred
K
Kelly Armstrong
D
Dan Bishop
E
Earl Blumenauer
J
Jamaal Bowman
K
Ken Buck
L
Larry Bucshon
M
Michael Burgess
C
Cori Bush
K
Ken Calvert
Y
Yadira Caraveo
J
Jerry Carl
M
Matt Cartwright
L
Lori Chavez-DeRemer
D
David Cicilline
G
Gerald Connolly
J
Jason Crow
A
Anthony D'Esposito
L
Lloyd Doggett
J
John Duarte
J
Jeff Duncan
A
Anna Eshoo
A
A. Ferguson
S
Scott Franklin
M
Matt Gaetz
M
Mike Gallagher
R
Ruben Gallego
M
Mike Garcia
B
Bob Good
K
Kay Granger
M
Mark Green
B
Brian Higgins
J
Jeff Jackson
S
Sheila Jackson Lee
B
Bill Johnson
D
Daniel Kildee
D
Derek Kilmer
A
Ann Kuster
D
Doug Lamborn
J
Jake LaTurner
B
Barbara Lee
D
Debbie Lesko
B
Blaine Luetkemeyer
K
Kathy Manning
L
Lucy McBath
L
Lisa McClain
M
Marcus Molinaro
A
Alexander Mooney
G
Grace Napolitano
W
Wiley Nickel
B
Bill Pascrell
D
Donald Payne
G
Greg Pence
D
Dean Phillips
K
Katie Porter
B
Bill Posey
C
Cathy Rodgers
C
C. Ruppersberger
J
John Rutherford
G
George Santos
J
John Sarbanes
D
David Schweikert
P
Pete Sessions
A
Abigail Spanberger
M
Michelle Steel
C
Chris Stewart
R
Rashida Tlaib
D
David Trone
N
Nydia Velázquez
M
Michael Waltz
D
Debbie Wasserman Schultz
B
Brad Wenstrup
J
Jennifer Wexton
S
Susan Wild
B
Brandon Williams
Nay (5)
Not Voting (29)
T
Tony Cárdenas
J
John Garamendi
G
Garret Graves
R
Raúl Grijalva
P
Patrick McHenry
M
Mary Peltola
E
Eric Swalwell
