Requires the Treasury Secretary to report on funds held by senior Chinese Communist Party officials and the financial institutions that serve them, and to bar U.S. financial institutions from significant transactions with those officials and their immediate family.

• Requires Treasury to report, within 90 days after the President notifies Congress of a China-related threat to Taiwan and annually for 3 years after, on estimated funds held by at least 10 covered Chinese officials and the financial institutions holding those funds
• Covers Politburo Standing Committee members, other Politburo members, and Central Committee members who perform official duties affecting Taiwan
• Directs Treasury to prohibit U.S. financial institutions from significant transactions with covered officials and, where Treasury finds they benefit, their immediate family, with exceptions for intelligence, law enforcement, and national security activity
• Allows presidential waivers and exemptions, and ends the financial services restriction 30 days after the President reports the threat is no longer present or 25 years after the final report

• Foreign Affairs Committee (House)
• Financial Services Committee (House)
• Banking, Housing, and Urban Affairs Committee (Senate)

Finance and Financial Sector