S. 1113

119 S1113 IS: China Financial Threat Mitigation Act of 2025
 U.S. Senate
 2025-03-25
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 EN
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 II  119th CONGRESS  1st Session  S. 1113  IN THE SENATE OF THE UNITED STATES   March 25, 2025   Mr. Warner  (for himself,  Mr. Rounds , and  Ms. Lummis ) introduced the following bill; which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs    A BILL
To require the Secretary of the Treasury to conduct a study and prepare a 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.
Study and report on financial threat mitigation with respect to People’s Republic of China
(a)
In general
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 prepare 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 assessed under paragraph (1);
(3)
a description and evaluation of the transparency, completeness, and reliability of economic data from the People's Republic of China; 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 financial stability risks from the People's Republic of China and to protect the interests of the United States.
(b)
Transmission of Report
Not later than one year after the date of the enactment of this Act, the Secretary of the Treasury shall transmit the report required under subsection (a) to—
(1)
the Committee on Banking, Housing, and Urban Affairs and the Committee on Foreign Relations of the Senate;
(2)
the Committee on Financial Services and the Committee on Foreign Affairs of the House of Representatives; and
(3)
the representatives of the United States 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
Not later than one year after the date of enactment of this Act, 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.