119-hr1549

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1549 Referred in Senate

    (RFS) ]

<DOC>
119th CONGRESS
 1st Session
 H. R. 1549

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 July 24, 2025

Received; read twice and referred to the Committee on Banking, Housing, 
 and Urban Affairs

_______________________________________________________________________

 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.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``China Financial Threat Mitigation 
Act of 2025''.

SEC. 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.

 Attest:

 KEVIN F. MCCUMBER,

 Clerk.