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![handle is hein.congrecreports/crptxahfq0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GPO
119TH CONGRESS REPT. 119-48
1st Session HOUSE OF REPRESENTATIVES Part 1
TAIWAN CONFLICT DETERRENCE ACT OF 2025
MARCH 27, 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. 1716]
The Committee on Financial Services, to whom was referred the
bill (H.R. 1716) to deter Chinese aggression towards Taiwan by re-
quiring the Secretary of the Treasury to publish a report on finan-
cial institutions and accounts connected to senior officials of the
People's Republic of China, to restrict financial services for certain
immediate family of such officials, and for other purposes, 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 ............................................................................................ 4
Background and Need for Legislation .................................................................... 4
Com m ittee Consideration ........................................................................................ 4
R elated H earings ..................................................................................................... 5
C om m ittee V otes ..................................................................................................... 5
Com m ittee Oversight Findings ............................................................................... 8
Perform ance Goals and Objectives ......................................................................... 8
Com m ittee Cost Estim ate ....................................................................................... 8
New Budget Authority and CBO Cost Estimate ................................................... 8
Unfunded M andates Statem ent .............................................................................. 8
E arm ark Statem ent ................................................................................................. 8
Federal Advisory Committee Act Statement ......................................................... 9
Applicability to the Legislative Branch ................................................................. 9
Duplication of Federal Program s ............................................................................ 9
Section-by-Section Analysis of the Legislation ...................................................... 9
Changes in Existing Law Made by the Bill, as Reported ................. 9
C om m ittee Letters ................................................................................................... 10
The amendment is as follows:
Strike all after the enacting clause and insert the following:
59-006](ViewImageLocal?handle=hein.congrecreports/crptxahfq0001&div=1&collection=&method=preview&ext=.png&size=3)