Texas Border Business
WASHINGTON, D.C. – Last week, the U.S. House of Representatives unanimously voted to pass Congressman Vicente Gonzalez’s (TX-34) bill H.R. 803, the Pressure Regulatory Organizations to End Chinese Threats to Taiwan Act, or the PROTECT Taiwan Act.
“Over the last year, we have seen an increase in China’s attempts to intimidate Taiwan through brazen military action,” said Congressman Gonzalez. “This bipartisan bill sends a message to China that our country is united against all acts of aggression towards our ally. The Chinese Communist Party needs to know that there will be economic and financial consequences should they continue to threaten Taiwanese freedom and security.”
The PROTECT Taiwan Act would exclude government officials of the Chinese Communist Party from financial and intergovernmental forums should the President inform Congress of any threat by China against Taiwanese or U.S. interests. In February 2023, the House Financial Services Committee, which Congressman Gonzalez is a member of, voted H.R. 803 out of Committee, with no opposition. Now, it awaits Senate action.
Watch Congressman Gonzalez’s speech to the Financial Services Committee highlighting the importance of this bill here.
The full text of the bill can be found here.
