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H. Rept. 119-388,Part 1 1 (2025-11-25)

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                     119TH CONGRESS                                      REPT.119-388
                        1st Session J  HOUSE   OF REPRESENTATIVES            Part 1







                        PRESSURE REGULATORY ORGANIZATIONS TO END
                                 CHINESE THREATS TO TAIWAN ACT




                       NOVEMBER 25, 2025.-Committed to the Committee of the Whole House on the
                                     State of the Union and ordered to be printed




                     Mr.  HILL of Arkansas, from  the Committee  on Financial Services,
                                          submitted  the  following



                                              REPORT

                                            [To accompany H.R. 1531]

                              [Including cost estimate of the Congressional Budget Office]

                      The  Committee   on Financial Services, to whom   was referred the
                    bill (H.R. 1531) to direct certain financial regulators to exclude rep-
                    resentatives of the People's Republic of China from certain banking
                    organizations  upon  notice  of certain threats or  danger,  and  for
                    other  purposes,  having  considered  the  same,  reports  favorably
                    thereon  with  an  amendment and recommends that the bill as
                    amended   do pass.

                                                 CONTENTS

                                                                                     Page
                    Purpose and Sum m ary ........................................................................................... .  2
                    Background and Need for Legislation  ....................................................................  2
                    Com m ittee Consideration  ........................................................................................  3
                    R elated H earings  .....................................................................................................  3
                    C om m ittee  V otes  .....................................................................................................  4
                    Com m ittee Oversight Findings  ...............................................................................  6
                    Perform ance Goals  and  Objectives  .........................................................................  6
                    Com m ittee Cost  Estim ate  .......................................................................................  6
                    New Budget Authority and CBO Cost Estimate ...................................................  6
                    Unfunded M andates Statem ent  .............................................................................  7
                    E arm ark Statem ent  .................................................................................................  7
                    Federal Advisory Committee Act Statement .........................................................  7
                    Applicability  to  the  Legislative  Branch  .................................................................  7
                    Duplication of Federal Program  s  ............................................................................  7
                    Section-by-Section  Analysis of the  Legislation  ......................................................  8
                    Changes in Existing Law Made by the Bill, as Reported ................. 8
                    C om m ittee  L etters  ...................................................................................................  9

                      The  amendment   is as follows:
                      Strike all after the enacting clause and insert the following:
                        69-006