China Financial Threat Mitigation Act of 2023
This bill requires the U.S. Treasury Department, with input from financial regulators and the State Department, to conduct a study and issue a report within one year of enactment. The report must assess how China's financial sector reforms impact U.S. and global financial stability, analyze related risks, and recommend actions to protect U.S. interests. It mandates the report be shared with relevant congressional committees, international financial bodies, and published online (excluding any classified parts). The bill directly affects federal agencies responsible for financial oversight but does not create new laws or spending. It is a procedural requirement focused on gathering information, not implementing policy changes.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2023
Committee Review
May 2023
House Passage
May 2023
Senate Passage
President
Introduced Feb 24, 2023
Last action May 30, 2023
Floor votes · House May 22, 2023
How they voted
400–5
Passed · 29 other
Total votes 434
May 22, 2023
D
Democratic213
91% Yea
I
Independent1
100% Yea
R
Republican220
92% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
3
Committee
4
Amendments
3
May 30, 2023
Committee
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
May 22, 2023
Introduced
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 5 (Roll no. 229). (text: CR H2471)
lower
May 22, 2023
Lower · Passed
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 5 (Roll no. 229). (text: CR H2471)
lower
May 22, 2023
Introduced
Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
lower
May 22, 2023
Lower · Passed
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.
lower
Feb 28, 2023
Introduced
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
lower
Feb 28, 2023
Lower · Passed
Committee Consideration and Mark-up Session Held.
lower
Feb 24, 2023
Committee
Referred to the House Committee on Financial Services.
lower
Feb 24, 2023
Introduced
Introduced in House
lower
1 primary · 4 co-sponsors
Sponsors
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