H.R. 1531: PROTECT Taiwan Act
Sponsor
Frank Lucas
Republican · OK-3
What H.R. 1531 does
The PROTECT Taiwan Act, H.R. 1531, would make it U.S. policy to seek to exclude Chinese representatives from six international financial organizations if the President informs Congress that China's actions threaten Taiwan's security, economic system or social system and endanger U.S. interests. The six are the Group of Twenty, the Bank for International Settlements, the Financial Stability Board, the Basel Committee on Banking Supervision, the International Association of Insurance Supervisors, and the International Organization of Securities Commissions.
If the President does so, the Treasury Department, the Federal Reserve and the Securities and Exchange Commission would have to take all necessary steps to carry out that policy. The President could waive it for any organization when doing so is in the national interest.
How the House voted
Passed · February 9, 20261 Democrat broke with their party to vote no
Lizzie Fletcher1 Republican broke with their party to vote no
Thomas MassieOn Motion to Suspend the Rules and Pass, as Amended: H R 1531 PROTECT Taiwan Act · Roll no. 58 · Official record
HR1531 Legislative Journey
Committee Action
Feb 11, 2026
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
House: Vote: 395-2
Feb 9, 2026
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 395 - 2 (Roll no. 58). (text: CR H2078-2079)
House: Committee Action
Nov 25, 2025
Committee on Foreign Affairs discharged.
House: Vote: 49-0
Sep 16, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
House: Committee Action
Feb 24, 2025
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
About the Sponsor
Frank Lucas
Republican, Oklahoma's 3rd congressional district · 33 years in Congress
Committees: Agriculture, Financial Services
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Cosponsors (2)
This bill has 2 cosponsors: 1 Democrat, 1 Republican, reflecting bipartisan support. Cosponsors represent 2 states: New York, Texas.
Committee Sponsors
Foreign Relations Committee
0 of 22 committee members cosponsored
No committee members have cosponsored this bill
Financial Services Committee
2 of 54 committee members cosponsored
63 Republicans across these committees haven't cosponsored yet. Mobilize their constituents
H.R. 1531 Quick Facts
- Committee
- Foreign Relations
- Chamber
- House
- Policy
- International Affairs
- Introduced
- Feb 24, 2025
Passed the House, received in Senate
Feb 11, 2026
H.R. 1531 Bill Text
“To direct certain financial regulators to exclude representatives of the People’s Republic of China from certain banking organizations upon notice of certain threats or danger, and for other purposes.”
Source: U.S. Government Publishing Office
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