Deterring Communist Chinese Aggression against Taiwan through Financial Sanctions Act of 2023

This bill would impose U.S. financial sanctions on Chinese entities and individuals if the Chinese government engages in actions against Taiwan, such as invasion, blockade, or coercive efforts to change Taiwan's status. Key provisions ban U.S. persons from trading securities of Chinese military-linked companies, using specific Chinese software apps (like WeChat Pay and Alipay), and transacting with digital currencies issued by China. It also prohibits U.S. stock exchanges from listing Chinese companies and restricts financial transactions with entities linked to Chinese military or security forces. Sanctions would take effect 30 to 60 days after a triggering event, targeting asset freezes, visa bans, and trade restrictions.