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H.R. 1549

U.S. House•In Senate Committee

Summary

H.R. 1549, the China Financial Threat Mitigation Act of 2025, was introduced in the House on Feb 24, 2025 by Rep. Roger Williams (R) with 2 co-sponsors. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Jul 24, 2025: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

H.R. 1549 has 2 co-sponsors.

hb1549/engrossed-in-house.txt
119 HR 1549 EH: China Financial Threat Mitigation Act of 2025
 U.S. House of Representatives
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 IB
 119th CONGRESS  1st Session
 H. R. 1549
 IN THE HOUSE OF REPRESENTATIVES
 AN ACT
To require the Secretary of the Treasury to conduct a study and report on the exposure of the United States to the financial sector of the People’s Republic of China, and for other purposes.
1.
Short title
This Act may be cited as the   China Financial Threat Mitigation Act of 2025  .
2.
China financial threat mitigation
(a)
Report
Not later than one year after the date of the enactment of this Act, the Secretary of the Treasury, in consultation with the Chairman of the Board of Governors of the Federal Reserve System, the Chairman of the Securities and Exchange Commission, the Chairman of the Commodity Futures Trading Commission, and the Secretary of State, shall conduct a study and issue a report on the exposure of the United States to the financial sector of the People’s Republic of China that includes—
(1)
an assessment of the effects of significant risks in the financial sector of the People’s Republic of China on the United States and global financial systems;
(2)
a description of the policies the United States Government is adopting to protect the financial stability of the United States and the global economy from any risks described under paragraph (1);
(3)
a description and evaluation of the transparency, completeness, and reliability of Chinese economic data; and
(4)
recommendations for additional actions the United States Government, including United States representatives at relevant international organizations, should take to strengthen international cooperation to monitor and mitigate such financial stability risks and protect United States interests.
(b)
Transmission of report
The Secretary of the Treasury shall transmit the report required under subsection (a) to the Committees on Financial Services and Foreign Affairs of the House of Representatives, the Committees on Banking, Housing, and Urban Affairs and Foreign Relations of the Senate, and to the United States representatives at relevant international organizations, as appropriate.
(c)
Classification of report
The report required under subsection (a) shall be unclassified, but may contain a classified annex.
(d)
Publication of report
The Secretary of the Treasury shall publish the report required under subsection (a) (other than any classified annex) on the website of the Department of the Treasury not later than one year after the date of enactment of this Act.
      Passed the House of Representatives July 23, 2025.  Kevin F. McCumber,  Clerk.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-02-24
  2. Passed House2025-07-23
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in House Feb 24, 2025

hb1549/introduced-in-house.md

Shown Here:
Introduced in House (02/24/2025)

China Financial Threat Mitigation Act of 2025

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 that risks in 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. financial stability,
  • a description and evaluation of the reliability of Chinese economic data, and
  • recommendations for additional actions to strengthen international cooperation to mitigate risks and protect U.S. interests.

Sponsors

Rep. Roger Williams (R) sponsors H.R. 1549, and 2 members have co-sponsored it, 1 of them from the day it was introduced.

Committees

H.R. 1549 went before 2 committees: Banking, Housing, and Urban Affairs and Financial Services.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Referred To · Jul 24, 2025 · 465 Bills
Financial Services
Financial Services
Reported By · Mar 21, 2025 · 559 Bills

Reports

1 committee report has been filed on H.R. 1549, the latest H. Rept. 119-21.

Actions

H.R. 1549 has taken 13 actions since Feb 24, 2025, the latest on Jul 24, 2025.

ChamberAction
Jul 24, 2025
Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Banking, Housing, and Urban Affairs Committee
Jul 23, 202514:23
House
Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
Jul 23, 202514:23
House
Considered under suspension of the rules. (consideration: CR H3620-3621)
Jul 23, 202514:23
House
DEBATE - The House proceeded with forty minutes of debate on H.R. 1549.
Jul 23, 202514:29
House
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3620)

Votes

H.R. 1549 has not gone to a roll call.

Titles

H.R. 1549 goes by 7 titles, 4 of them short titles.

  • China Financial Threat Mitigation Act of 2025 — Display Title
  • To require the Secretary of the Treasury to conduct a study and report on the exposure of the United States to the financial sector of the People’s Republic of China, and for other purposes. — Official Titles from EH (Engrossed in House) bill text
  • China Financial Threat Mitigation Act of 2025 — Short Titles from RFS (Referred to Senate) bill text
  • China Financial Threat Mitigation Act of 2025 — Short Title(s) as Passed House
  • China Financial Threat Mitigation Act of 2025 — Short Title(s) as Reported to House
  • China Financial Threat Mitigation Act of 2025 — Short Title(s) as Introduced
  • To require the Secretary of the Treasury to conduct a study and report on the exposure of the United States to the financial sector of the People's Republic of China, and for other purposes. — Official Title as Introduced

Cost estimate

The Congressional Budget Office has filed 1 estimate for H.R. 1549, the latest on Apr 4, 2025.

Lobbying

2 clients hired 2 firms and 25 registered lobbyists who named H.R. 1549 in 3 quarterly filings, 2025. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Science/Technology, Taxation/Internal Revenue Code, Agriculture, Budget/Appropriations, Clean Air and Water (quality), Homeland Security, Natural Resources, Transportation.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
ASSOCIATION OF CALIFORNIA WATER AGENCIES—District of Columbia12—
BUSINESS ROUNDTABLE INC—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
ASSOCIATION OF CALIFORNIA WATER AGENCIES12—
THE BUSINESS ROUNDTABLE, INC.11—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 25.

LobbyistFirmsClientsFilings
CALEB RASPLER112
ELIZABETH SPEKHARDT112
IAN LYLE112
AMY SHUART GINGRICH111
ANDREW BEILEIN111
CASEY NELSON111
CATHERINE SCHULTZ111
COREY ASTILL111
DANE LINN111
DONALD MCINTOSH111
ELIZABETH DOUGHERTY111
JAVIER GAMBOA111
JENNIFER THORNTON111
JOSHUA BOLTEN111
KATIE SARRO111
KRISTEN SILVERBERG111
MARGARET CEKUTA111
MATTHEW MILLER111
MATTHEW SONNESYN111
MATTHEW SPIKES111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
BUSINESS ROUNDTABLE INCTHE BUSINESS ROUNDTABLE, INC.2025 first_quarter$6.9M1st Quarter - Report
ASSOCIATION OF CALIFORNIA WATER AGENCIESASSOCIATION OF CALIFORNIA WATER AGENCIES2025 fourth_quarter$115K4th Quarter - Report
ASSOCIATION OF CALIFORNIA WATER AGENCIESASSOCIATION OF CALIFORNIA WATER AGENCIES2025 third_quarter$115K3rd Quarter - Report

Classification

The Congressional Research Service files H.R. 1549 under Finance and Financial Sector, one of its 31 policy areas, and gives it 6 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 1549’s is Finance and Financial Sector.

hr1549/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Legislative Subjects

H.R. 1549 carries 6 of CRS’s legislative subjects, from Asia to Government studies and investigations.

hr1549/subjects.txt
AsiaChinaCongressional oversightFinancial crises and stabilizationGovernment information and archivesGovernment studies and investigations

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 1549, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 36 (Monday, February 24, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. WILLIAMS of Texas:H.R. 1549.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8 of the Constitution of the UnitedStates.[Page H770]

Source: congress.gov · legiscan.com