PROTECT Taiwan Act

This bill would require the U.S. to try to kick China out of six major international financial organizations if the President tells Congress that China's actions threaten Taiwan and are dangerous to U.S. interests. The six organizations include the Group of Twenty and five other international banking and financial groups. If the President makes this determination, the Treasury Department, Federal Reserve, and Securities and Exchange Commission must work to exclude China from these organizations. The President can choose not to apply this policy to a specific organization if it would be better for U.S. national interests.

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