STAND with Taiwan Act of 2024

The STAND with Taiwan Act of 2024 would impose economic and financial sanctions on Chinese officials and entities if China were to invade Taiwan. The bill requires the President to impose sanctions within 3 days of determining that China has invaded Taiwan, including blocking property, restricting visas, and prohibiting financial transactions with Chinese entities. It would also ban listing or trading of Chinese entities on U.S. securities exchanges and restrict certain investments and energy exports to China. The bill targets Chinese government officials, military leaders, financial institutions, and entities affiliated with the Chinese government or Communist Party. The legislation is designed as a deterrent against a military invasion of Taiwan by making clear that such an action would trigger severe economic consequences for China.