{"format":1,"id":"118-hr-1156","congress":118,"number":"H.R. 1156","kind":"bill","group":"bills","title":"China Financial Threat Mitigation Act of 2023","title_source":"Short Title(s) as Passed House","official_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.","titles":[{"type":"Official Title as Introduced","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."},{"type":"Display Title","title":"China Financial Threat Mitigation Act of 2023"},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"China Financial Threat Mitigation Act of 2023"},{"type":"Short Title(s) as Introduced","title":"China Financial Threat Mitigation Act of 2023"},{"type":"Short Title(s) as Reported to House","title":"China Financial Threat Mitigation Act of 2023"},{"type":"Short Title(s) as Passed House","title":"China Financial Threat Mitigation Act of 2023"}],"outcome":"passed_house","law_number":null,"introduced":"2023-02-24","chambers":{"house":{"status":"roll_call","date":"2023-05-22","vote":{"id":"118-2023-h229","question":"On Motion to Suspend the Rules and Pass, as Amended","title":"China Financial Threat Mitigation Act","result":"Passed","yea":400,"nay":5,"present":0,"not_voting":29,"source":"https://clerk.house.gov/evs/2023/roll229.xml"}},"senate":{"status":"na","date":null,"vote":null}},"president":{"status":"na","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","date":"2023-05-30"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2023-05-22","stage":"Passed House","blocks":[{"k":"h","t":"China Financial Threat Mitigation Act of 2023"},{"k":"p","t":"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"},{"k":"li","t":"the effects the reforms to China's financial sector have on U.S. and global financial systems,","d":1},{"k":"li","t":"a description of the policies the United States is adopting to protect U.S. interests,","d":1},{"k":"li","t":"a description and analysis of any risks presented by China to the financial stability of the United States and the global economy, and","d":1},{"k":"li","t":"recommendations for additional actions to strengthen international cooperation to mitigate risks and protect U.S. interests.","d":1}],"words":109},"summary":{"main_subject":{"text":"Requires the Secretary of the Treasury, in consultation with other federal officials, to study and report on the exposure of the United States to the financial sector of the People's Republic of China.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/1156/text/eh#H2E26735915F94CEEBC6F6C8ACD6D0ABE"}]},"core_areas":["Treasury report on U.S. exposure to the financial sector of the People's Republic of China"],"what_it_does":[{"text":"Requires the Secretary of the Treasury to conduct a study and issue a report on U.S. exposure to the financial sector of the People's Republic of China not later than one year after enactment.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/1156/text/eh#H2E26735915F94CEEBC6F6C8ACD6D0ABE"}},{"text":"Requires the report to include an assessment of the effects of reforms to China's financial sector on the United States and global financial systems.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/1156/text/eh#H2E26735915F94CEEBC6F6C8ACD6D0ABE"}},{"text":"Requires the report to describe the policies the United States Government is adopting to protect U.S. interests while China's financial sector undergoes such reforms.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/1156/text/eh#H2E26735915F94CEEBC6F6C8ACD6D0ABE"}},{"text":"Requires the report to describe and analyze any risks to the financial stability of the United States and the global economy emanating from the People's Republic of China, and to include recommendations for additional actions to strengthen international cooperation.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/1156/text/eh#H2E26735915F94CEEBC6F6C8ACD6D0ABE"}},{"text":"Requires the report to be unclassified, with a classified annex allowed, and to be published on the Department of the Treasury website without any classified annex within one year of enactment.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/1156/text/eh#H2E26735915F94CEEBC6F6C8ACD6D0ABE"}}],"unexpected":[],"version":{"type":"Engrossed in House","date":"2023-05-22","rule":"passed","href":"https://www.congress.gov/bill/118th-congress/house-bill/1156/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-02","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/118th-congress/house-bill/1156","text":"https://www.congress.gov/bill/118th-congress/house-bill/1156/text"},"card":{"image":"card/item/118-hr-1156.png","v":"b71190c4726d","alt":"Votes on Record. H.R. 1156, 118th Congress: China Financial Threat Mitigation Act of 2023. House: 400 Yea, 5 Nay. Outcome: Passed House, 22 May 2023."}}