STAND with Taiwan Act of 2023

The STAND with Taiwan Act of 2023 would impose economic sanctions on China if it launches a military invasion of Taiwan. The bill requires the President to make a "covered determination" within 24 hours of such an invasion, triggering sanctions against Chinese officials, military leaders, financial institutions, and government-affiliated entities. These sanctions include blocking property, restricting visas, prohibiting financial transactions, banning securities trading, and restricting certain imports from China. The bill aims to deter military action by imposing significant economic consequences on China, using existing authorities under the International Emergency Economic Powers Act.