VoterlyH.R. 1156: China Financial Threat Mitigation Act of 2023
118th Congress · Sponsored from Virginia · In committee
What this bill does
China Financial Threat Mitigation Act of 2023 This bill requires the Department of the Treasury, in consultation with specified federal financial agencies, to report on the exposure of the United States to the activity of China's financial sector. The report must include the effects the reforms to China's financial sector have on U.S. and global financial systems, a description of the policies the United States is adopting to protect U.S. interests, a description and analysis of any risks presented by China to the financial stability of the United States and the global economy, and recommendations for additional actions to strengthen international cooperation to mitigate risks and protect U.S. interests.
Key facts
- Status In committee
- Introduced 2023-02-24
- Policy area Finance and Financial Sector
- Cosponsors 4
- Latest action Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsor
Who funds the sponsor?
Rep. Spanberger, Abigail Davis [D-VA-7] introduced H.R. 1156. On Voterly you can see their top campaign donors from public Federal Election Commission records — individuals, PACs, and industry groups (follow the money) — and compare that with how they vote.
See Rep. Spanberger, Abigail Davis [D-VA-7]'s donors & voting record →
Campaign donations show who helps fund the sponsor's election; they are not the same as who drafted or lobbied for the bill text. Lobbying disclosures are separate public records.
Take a position & compare alignment
Agree or disagree with H.R. 1156? Go to the homepage to record your view and compare your stance with how your representatives vote. See Rep. Spanberger, Abigail Davis [D-VA-7]'s profile to vote on their bills and check your alignment % with the sponsor.
Read the official text on Congress.gov →
Frequently asked questions
What does H.R. 1156 do?
China Financial Threat Mitigation Act of 2023 This bill requires the Department of the Treasury, in consultation with specified federal financial agencies, to report on the exposure of the United States to the activity of China's financial sector. The report must include the e…
Who sponsored H.R. 1156?
Rep. Spanberger, Abigail Davis [D-VA-7] (D) of Virginia is the lead sponsor.
How do I find out who funds or lobbies for H.R. 1156?
Campaign-finance records (Federal Election Commission) show who funds the bill's sponsor. Separately, federal lobbying disclosures filed under the Lobbying Disclosure Act list the companies and lobbyists who reported lobbying on specific bills. Voterly links the sponsor's donors; lobbying records are public at the U.S. Senate and House lobbying databases.
Is H.R. 1156 now law?
Not yet. The current status is "In committee." See the latest action above for details.