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H. Rept. 119-21 1 (2025-03-21)

handle is hein.congrecreports/crptxahep0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
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                     119TH CONGRESS                                         REPORT
                        1st Session    HOUSE   OF REPRESENTATIVES           119-21







                        CHINA   FINANCIAL THREAT MITIGATION ACT OF 2025




                      MARCH 21, 2025.-Committed to the Committee of the Whole House on the State
                                       of the Union and ordered to be printed




                     Mr.  HILL of Arkansas, from  the Committee  on Financial Services,
                                          submitted  the  following


                                              REPORT


                                            [To accompany H.R. 1549]

                      The  Committee   on Financial Services, to whom   was referred the
                    bill (H.R. 1549) to require the Secretary of the Treasury to conduct
                    a study  and report on  the exposure  of the United States to the fi-
                    nancial sector of the People's Republic of China, and  for other pur-
                    poses, having  considered the  same, reports favorably thereon  with
                    an  amendment   and  recommends   that the bill as amended  do pass.

                                                 CONTENTS
                                                                                     Page
                    Purpose and Sum m ary ............................................................................................  2
                    Background and Need for  Legislation  ....................................................................  2
                    Com m ittee Consideration  ........................................................................................  3
                    R elated H earings  .....................................................................................................  3
                    C om m ittee  V otes  .....................................................................................................  4
                    Com m ittee Oversight Findings  ...............................................................................  6
                    Perform ance Goals  and  Objectives  .........................................................................  6
                    Com m ittee Cost  Estim ate  .......................................................................................  6
                    New Budget Authority and CBO Cost Estimate ...................................................  6
                    Unfunded M andates Statem ent  ..............................................................................  6
                    E arm ark Statem ent  .................................................................................................  6
                    Federal Advisory Committee Act Statement .........................................................  7
                    Applicability  to  the  Legislative  Branch  .................................................................  7
                    Duplication of Federal Program  s  ............................................................................  7
                    Section-by-Section  Analysis of the  Legislation  ......................................................  7
                    Changes in Existing Law Made by the Bill, as Reported ................. 8
                      The  amendment   is as follows:
                      Strike all after the enacting clause and insert the following:

                    SECTION 1. SHORT TITLE.
                      This Act may be cited as the China Financial Threat Mitigation Act of 2025.


59-006

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