A Republican bill with 1 Democratic cosponsor · See all 2 cosponsors
Last activity — Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
In the other chamber's committee
Passed one chamber and has been handed to a committee in the other.
The committee decides whether it goes any further, and most bills that reach a committee never leave it. A committee that simply does nothing kills a bill without anyone ever voting against it, so no news from here is usually the news.
Its path through Congress
- Introduced
- Passed House 395–2
- In Senate committee
What this bill would do
This act, known as the "PROTECT Taiwan Act," directs financial regulators to exclude representatives of the People's Republic of China from specific international banking organizations. This exclusion is triggered if the President informs Congress of threats to Taiwan's security or economic system or dangers to United States interests resulting from the actions of the People's Republic of China. The targeted organizations include the Group of Twenty, the Bank for International Settlements, and several other financial oversight bodies. The Secretary of the Treasury, the Federal Reserve, and the SEC are tasked with advancing this policy. The President maintains the authority to waive these requirements if it is in the national interest. The Act includes a sunset provision that ends its force after five years or upon specific Presidential notification.
Yes· 3 of 5
- Scored +3
Does this strengthen ties with allied countries?
The bill strengthens the position of Taiwan by seeking to exclude its perceived aggressor from international financial institutions.
- Scored +1
Would people with substantial wealth be better off under this?
The bill aims to secure international financial stability which indirectly benefits high-net-worth individuals.
- Scored +1
Would people in cities be better off under this?
Protecting national economic interests through financial regulation can benefit the broader stability of urban economic centers.
The opposite
No question was scored the opposite.
What Congress actually voted on
One recorded vote has been taken on this bill.
- The House: a fast-track vote, needing two-thirds to pass The House sets aside its normal procedure to move quickly: no amendments, little debate, and a two-thirds bar instead of a simple majority. It is used for measures expected to be uncontroversial, so a bill that fails here failed despite broad expectations that it would not. Passed 395 yes · 2 no
02/09/2026 · Roll call 58 · recorded as “On Motion to Suspend the Rules and Pass, as Amended”
Who it would affect, and how
Potential Positive Impacts for People
- Protection of National and Regional Interests: The policy seeks to exclude certain representatives from participating in activities of major financial organizations when the President identifies threats to the security or economic system of the people on Taiwan or dangers to the interests of the United States (Section 2(a)).
Potential Negative Impacts for People
-
Presidential Discretionary Waivers: The President has the power to waive the exclusion of representatives from these organizations if they submit a report stating the waiver is in the national interest (Section 2(c)).
-
Time-Limited Scope: The requirements of this Act will cease to have any force or effect five years after enactment or 30 days after the President notifies Congress that termination is in the national interest (Section 2(d)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- National Security And Foreign Policy
- Does this strengthen ties with allied countries? — The bill strengthens the position of Taiwan by seeking to exclude its perceived aggressor from international financial institutions.
- Demographic And Interest Groups
- Would people with substantial wealth be better off under this? — The bill aims to secure international financial stability which indirectly benefits high-net-worth individuals. Would people in cities be better off under this? — Protecting national economic interests through financial regulation can benefit the broader stability of urban economic centers.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The bill seeks to protect United States interests by restricting the influence of the People's Republic of China in global financial oversight bodies.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill requires the President to submit a report to Congress to justify any waivers of the exclusion policy.
- 2/11/2026
- Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
- 2/9/2026
- Motion to reconsider laid on the table Agreed to without objection.
- Passed/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): 395 - 2 (Roll no. 58). (text: CR H2078-2079)
- On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 395 - 2 (Roll no. 58). (text: CR H2078-2079)
- Considered as unfinished business. (consideration: CR H2082-2083)
- 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. 1531.
- Considered under suspension of the rules. (consideration: CR H2078-2079)
- Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- 11/25/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-388, Part I.
- Committee on Foreign Affairs discharged.
- Placed on the Union Calendar, Calendar No. 338.
- 9/16/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
- 1 Cosponsor added.
- 2/24/2025
- Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Vicente GonzalezDemocrat · Texas
Michael LawlerRepublican · New York