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China Financial Threat Mitigation Act of 2025
Summary
This bill requires the Treasury Secretary to conduct a study on how exposed the United States financial system is to risks in China's financial sector. The report must be completed within one year and must assess the effects of Chinese financial sector risks on US and global financial stability, describe US government policies to protect against those risks, evaluate the reliability of Chinese economic data, and recommend additional protective actions. The report must be submitted to Congress and relevant international organizations, and the unclassified portions must be published on the Treasury website. The Treasury Secretary will coordinate with the Federal Reserve, Securities and Exchange Commission, Commodity Futures Trading Commission, and State Department in preparing the report.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
2 cosponsors
Money behind the sponsor
Top reported contributors to Roger Williams’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $31,350
- DOUBLE EAGLE $16,000
- PIERSON & PATTERSON $13,200
- LENDERS & MEMBERS SERVICE GROUP $13,200
- LUTHER KING CAPITAL MANAGEMENT $11,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Roger Williams → · Outside spending →
Actions (13)
- Jul 24, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Jul 23, 2025 Motion to reconsider laid on the table Agreed to without objection. · house
- Jul 23, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3620) · house
- Jul 23, 2025 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3620)
- Jul 23, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 1549. · house
- Jul 23, 2025 Considered under suspension of the rules. (consideration: CR H3620-3621) · house
- Jul 23, 2025 Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended. · house
- Mar 21, 2025 Placed on the Union Calendar, Calendar No. 11. · house
- Mar 21, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-21. · house
- Mar 5, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0. · house
- Mar 5, 2025 Committee Consideration and Mark-up Session Held · house
- Feb 24, 2025 Referred to the House Committee on Financial Services. · house
- Feb 24, 2025 Introduced in House
More bills on these subjects (8)
Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).
Text versions (4)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
AN ACT
To require the Secretary of the Treasury to conduct a study and report on the exposure of the United States to the financial sector of the People’s Republic of China, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “China Financial Threat Mitigation Act of 2025”.
SEC. 2. CHINA FINANCIAL THREAT MITIGATION.
(a) Report.—Not later than one year after the date of the enactment of this Act, the Secretary of the Treasury, in consultation with the Chairman of the Board of Governors of the Federal Reserve System, the Chairman of the Securities and Exchange Commission, the Chairman of the Commodity Futures Trading Commission, and the Secretary of State, shall conduct a study and issue a report on the exposure of the United States to the financial sector of the People’s Republic of China that includes—
(1) an assessment of the effects of significant risks in the financial sector of the People’s Republic of China on the United States and global financial systems;
(2) a description of the policies the United States Government is adopting to protect the financial stability of the United States and the global economy from any risks described under paragraph (1);
(3) a description and evaluation of the transparency, completeness, and reliability of Chinese economic data; and
(4) recommendations for additional actions the United States Government, including United States representatives at relevant international organizations, should take to strengthen international cooperation to monitor and mitigate such financial stability risks and protect United States interests.
(b) Transmission of Report.—The Secretary of the Treasury shall transmit the report required under subsection (a) to the Committees on Financial Services and Foreign Affairs of the House of Representatives, the Committees on Banking, Housing, and Urban Affairs and Foreign Relations of the Senate, and to the United States representatives at relevant international organizations, as appropriate.
(c) Classification of Report.—The report required under subsection
(a) shall be unclassified, but may contain a classified annex.
(d) Publication of Report.—The Secretary of the Treasury shall publish the report required under subsection (a) (other than any classified annex) on the website of the Department of the Treasury not later than one year after the date of enactment of this Act.
Passed the House of Representatives July 23, 2025.
Attest:
Clerk. 119th CONGRESS
1st Session
H. R. 1549
AN ACT
To require the Secretary of the Treasury to conduct a study and report on the exposure of the United States to the financial sector of the People’s Republic of China, and for other purposes.
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