119-s1113

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1113 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1113

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.

_______________________________________________________________________

 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.

 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. 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.
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