H.R. 1531 · Passed House · International Affairs

PROTECT Taiwan Act

Sponsor: Frank D. Lucas (R-OK)

What it does

• Makes it U.S. policy to seek to exclude Chinese representatives from six international financial organizations if the President tells Congress that China's actions threaten Taiwan and endanger U.S. interests.
• Names six bodies including the Group of Twenty, the Bank for International Settlements, the Financial Stability Board, and the Basel Committee on Banking Supervision.
• Requires the Treasury, the Federal Reserve, and the SEC to take all necessary steps to advance the exclusion policy once the President so informs Congress.
• Allows the President to waive the policy for an organization when that is in the national interest.

Official summary

Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act or the PROTECT Taiwan Act This bill requires certain federal entities to seek to exclude China from six international financial organizations if the President informs Congress that China's actions threaten Taiwan and pose a danger to U.S. interests. Specifically, the bill establishes that it is U.S. policy to seek to exclude Chinese representatives from participating in the activities of six international organizations if the President informs Congress that China's actions pose any (1) threat to Taiwan's security, economic system, or social system; and (2) danger to U.S. interests. The six specified organizations are the Group of Twenty, the Bank for International Settlements, the Financial Stability Board, the Basel Committee on Banking Supervision, the International Association of Insurance Supervisors, and the International Organization of Securities Commissions. In the event that the President so informs Congress, the bill requires the Department of the Treasury, the Federal Reserve, and the Securities and Exchange Commission to take all necessary steps to advance the exclusion policy. The President may…

Latest action

Feb 11, 2026: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Committee: Senate Foreign Relations