H.R. 1716 — what changed
Taiwan Conflict Deterrence Act of 2025
From Reported in House to Engrossed in House. 1 section amended between Reported in House and Engrossed in House.
Sec. 3 Prohibition on financial services for certain immediate family
In general— The Secretary of the Treasury shall prohibit a United States financial institution, and any person owned or controlled by a United States financial institution, from engaging in a significant transaction with—
a natural person covered by a report made under section 2(a); and
the immediate family of a person described under paragraph (1), if the Secretary finds that such immediate family benefits from funds described in the report.
Exceptions—
Exception for intelligence, law enforcement, and national security activities— Subsection (a) shall not apply with respect to any intelligence, law enforcement, or national security activity of the United States.
Waiver— The President may waive the application of subsection (a) with respect to a person upon reporting to the appropriate Members of Congress that—
the waiver would substantially promote the objective of ending the threat described under section 2(a)(1);
the threat described under section 2(a)(1) is no longer present; or
the waiver is essential to the national security interests of the United States.
Form of reports— The reports required under paragraph (2) shall be submitted in unclassified form but may contain a classified annex.
changed
Rule Exception relating to importation of construction—goods—
changed
In general— Nothing in The authorities and requirements authorized under this section shall be construed as authorizing not include the authority or requiring any sanction with respect requirement to impose sanctions on the importation of any good.goods.
changed
Good defined— In this paragraph, section, the term “good” means any article, natural or manmade man-made substance, material, supply or manufactured product, including inspection and test equipment, and excluding technical data.
Implementation; penalties—
Implementation— The President may exercise all authorities provided to the President under sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out this section. Not later than 60 days after issuing a license pursuant to this section, the President shall submit a copy of the license to the appropriate Members of Congress.
Penalties— A person that violates, attempts to violate, conspires to violate, or causes a violation of this section or any regulation, license, or order issued to carry out this section shall be subject to the penalties set forth in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act (50 U.S.C. 1705) to the same extent as a person that commits an unlawful act described in subsection (a) of that section 206.
Termination— This section shall have no force or effect on the earlier of—
the date that is 30 days after the date that the President reports to the appropriate Members of Congress that the threat described under section 2(a)(1) is no longer present; or
the date that is 25 years after the date that the Secretary of the Treasury submits the final report required under section 2(a)(1).