S. 1113: China Financial Threat Mitigation Act of 2025
This bill, known as the China Financial Threat Mitigation Act of 2025, mandates the Secretary of the Treasury to conduct a study and prepare a report regarding the financial threats posed by the People's Republic of China (PRC) to the United States and global financial systems. Here are the key components of the bill:
Objectives of the Study
The study will focus on several important areas:
- Assessment of Risks: It will evaluate the significant risks present in the financial sector of the PRC and their potential effects on both the U.S. and global financial systems.
- Government Policies: The study will describe the policies the U.S. government is implementing to safeguard the financial stability of the country and the global economy from the identified risks.
- Evaluation of Economic Data: The report will include an assessment of the transparency, completeness, and reliability of economic data provided by the PRC.
- Recommendations: It will provide recommendations for further actions the U.S. government should consider, including measures to enhance international cooperation in monitoring and mitigating financial stability risks originating from the PRC.
Timeline and Transmission of the Report
The Secretary of the Treasury must complete this study and submit the report within one year after the enactment of the Act. The report will be shared with the following entities:
- Senate Committees: Banking, Housing, and Urban Affairs; and Foreign Relations.
- House Committees: Financial Services; and Foreign Affairs.
- U.S. representatives at relevant international organizations, when appropriate.
The report will be unclassified but may include a classified annex. Additionally, the Secretary of the Treasury is required to publish the report on the Department of the Treasury's website, excluding any classified sections, within the same one-year timeframe.
Purpose of the Legislation
This legislation aims to better understand and address the financial threats posed by the PRC. By studying these risks and evaluating current policies, the U.S. government seeks to ensure stability in its financial systems and strengthen international cooperation regarding financial monitoring and risk mitigation.
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Sponsors
3 bill sponsors
Actions
2 actions
| Date | Action |
|---|---|
| Mar. 25, 2025 | Introduced in Senate |
| Mar. 25, 2025 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
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