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HR 1531 Passed a chamber

Directs the Treasury, Federal Reserve, and SEC to push international financial bodies to keep Chinese representatives out of their meetings if the President reports a China-caused threat to Taiwan.

Official title: PROTECT Taiwan Act

Next stop Senate: awaiting action
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced 24-FEB-2025
Referred 24-FEB-2025
Approved by committee 16-SEP-2025
Reported 25-NOV-2025
On the calendar 25-NOV-2025
Passed 09-FEB-2026
Senate
Received 11-FEB-2026
Key points
  • Triggers only after the President informs Congress under Taiwan Relations Act section 3(c) of a threat to Taiwan's security or economic system resulting from actions of China.
  • Sets a policy of seeking to exclude People's Republic of China representatives, to the maximum extent practicable, from G20, Bank for International Settlements, Financial Stability Board, Basel Committee, insurance and securities supervisor groups.
  • Lets the President waive the policy for a given organization with a report to the House Financial Services and Senate Banking committees explaining the national interest reasons.
  • Expires on the earlier of five years after enactment or 30 days after the President notifies Congress that termination is in the national interest.
AI-generated from the Referred in Senate text of 11-FEB-2026 · verify · report an error
Official CRS summary

Covers an older version. The newest CRS summary describes the bill as of "Reported to House" (25-NOV-2025); the text has changed since (Engrossed in House, 09-FEB-2026).

CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov
Committee referrals (3) Policy area

International Affairs

Sponsor Frank D. Lucas (R-OK) Cosponsors · 2
■ 1 R■ 1 D
1 Democrat
1 Republican