China Financial Threat Mitigation Act of 2025

Madam Speaker, I move to suspend the rules and pass the bill (H.R. 1549) 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, as amended.

Madam Speaker, I ask unanimous consent that all Members may have 5 legislative days to revise and extend their remarks and include extraneous material on this bill.

Madam Speaker, I yield myself such time as I may consume.

Madam Speaker, I rise today in support of H.R. 1549, the China Financial Threat Mitigation Act.

The Chinese Communist Party's track record of interference and aggression toward the American financial system is a serious and growing threat. The CCP has a well-documented history of abusing international financial norms, jeopardizing both our national and economic security in the process.

From manipulating currency and distorting markets to propping up state-owned industries and weaponizing finance for geopolitical gain, the CCP's actions are not just unfair but are also downright dangerous. These predatory practices harm American businesses, erode trust in global markets, and risk empowering China to pressure developing nations and destabilize debt markets for its own benefit.

We cannot afford to sit back and take our eyes off the ball. We must be prepared. That is why I introduced the China Financial Threat Mitigation Act. This bill is a proactive measure that requires the Department of the Treasury to identify financial risks posed by the Chinese economy and offer recommendations for strengthening international cooperation to monitor and counter these threats.

Our top priorities should always be to defend Western values, promote American interests, and hold bad actors accountable. This legislation is a critical step in confronting the CCP's abuse of the financial system head-on.

Mr. Speaker, I thank the gentleman from New Jersey (Mr. Gottheimer) for co-leading this important effort with me, and I urge my colleagues to support H.R. 1549.

In God We Trust.

Madam Speaker, I reserve the balance of my time.

Madam Speaker, I include in the Record the CBO estimate for this bill.

Madam Speaker, I am prepared to close, and I reserve the balance of my time.

Madam Speaker, I yield myself the balance of my time.

Madam Speaker, for the reasons I explained earlier, I urge my colleagues to support this bill. I thank Congressman Gottheimer and my good friend, Ms. Waters, for their support.

Madam Speaker, I yield back the balance of my time.

Madam Speaker, I yield myself such time as I may consume.

Madam Speaker, I rise in support of H.R. 1549, the China Financial Threat Mitigation Act, sponsored by Mr. Williams of Texas and Mr. Gottheimer of New Jersey.

The People's Republic of China continues to pose a significant challenge to America's economy and financial system. This doesn't mean that China is simply an economic competitor. Rather, China has taken an aggressive adversarial posture toward American

influence and power globally, leveraging its growing economic strength to do so.

To address concerns raised by China's conduct in this regard, American policymakers, including Members of Congress, need accurate data about the potential risks posed. This includes information about trade, both legal and illegal investments, demographics, subsidies for domestic industries, and demand for oil and economic growth.

Unfortunately, despite these needs, the economic data available directly from China is generally limited and unreliable. Even China's gross domestic product figures are regarded as questionable.

Madam Speaker, this bill asks for a detailed study on these issues. The bill would also require recommendations for additional actions to strengthen international cooperation to mitigate risks and protect U.S. interests.

The House previously passed this bill four times in the last three Congresses, and I hope we can finally pass it into law.

Madam Speaker, I urge my colleagues to support this bill, and I reserve the balance of my time.

Madam Speaker, I yield myself the balance of my time.

Madam Speaker, I thank Representative Williams of Texas and Representative Gottheimer for sponsoring this bill. Their bipartisan work resulted in a unanimous vote during our Committee on Financial Services markup earlier this year, reflecting our shared concerns about the aggressive economic and commercial activities of the Government of the People's Republic of China.

Madam Speaker, I urge my colleagues to support this bill, and I yield back the balance of my time.