--- Introduced (Senate)
+++ Reported (Senate)
@@ -1,8 +1,9 @@
[From the U.S. Government Publishing Office]
-[S. 2960 Introduced in Senate (IS)]
+[S. 2960 Reported in Senate (RS)]
<DOC>
+Calendar No. 245
119th CONGRESS
1st Session
S. 2960
@@ -16,8 +17,15 @@
October 1, 2025
-Mr. Risch introduced the following bill; which was read twice and
-referred to the Committee on Foreign Relations
+Mr. Risch (for himself, Mrs. Shaheen, Mr. Coons, and Mr. Ricketts)
+introduced the following bill; which was read twice and referred to the
+Committee on Foreign Relations
+
+October 30, 2025
+
+Reported by Mr. Risch with an amendment
+[Strike out all after the enacting clause and insert the part printed
+in italic]
_______________________________________________________________________
@@ -29,6 +37,186 @@
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
+<DELETED>SECTION 1. SHORT TITLE.</DELETED>
+
+<DELETED> This Act may be cited as the ``Deter PRC Aggression
+Against Taiwan Act''.</DELETED>
+
+<DELETED>SEC. 2. SENSE OF CONGRESS.</DELETED>
+
+<DELETED> It is the sense of Congress that the United States must be
+prepared to take immediate action to impose sanctions with respect to
+any military or non-military entities owned, controlled, or acting at
+the direction of the Government of the PRC or the Chinese Communist
+Party that are supporting actions by the Government of the PRC or by
+the Chinese Communist Party--</DELETED>
+<DELETED> (1) to overthrow or dismantle the governing
+institutions in Taiwan;</DELETED>
+<DELETED> (2) to occupy any territory controlled or
+administered by Taiwan;</DELETED>
+<DELETED> (3) to violate the territorial integrity of
+Taiwan; or</DELETED>
+<DELETED> (4) to take significant action against Taiwan,
+including--</DELETED>
+<DELETED> (A) conducting a naval blockade of
+Taiwan;</DELETED>
+<DELETED> (B) seizing any outlying island of Taiwan;
+or</DELETED>
+<DELETED> (C) perpetrating a significant physical or
+cyber attack on Taiwan that erodes the ability of the
+governing institutions in Taiwan to operate or provide
+essential services to the citizens of Taiwan.</DELETED>
+
+<DELETED>SEC. 3. DEFINITIONS.</DELETED>
+
+<DELETED> In this Act:</DELETED>
+<DELETED> (1) Appropriate congressional committees.--The
+term ``appropriate congressional committees'' means--</DELETED>
+<DELETED> (A) the Committee on Foreign Relations of
+the Senate;</DELETED>
+<DELETED> (B) the Committee on Banking, Housing, and
+Urban Affairs of the Senate;</DELETED>
+<DELETED> (C) the Committee on Commerce, Science,
+and Transportation of the Senate;</DELETED>
+<DELETED> (D) the Committee on Finance of the
+Senate;</DELETED>
+<DELETED> (E) the Committee on Foreign Affairs of
+the House of Representatives;</DELETED>
+<DELETED> (F) the Committee on Financial Services of
+the House of Representatives;</DELETED>
+<DELETED> (G) the Committee on Energy and Commerce
+of the House of Representatives; and</DELETED>
+<DELETED> (H) the Committee on Ways and Means of the
+House of Representatives.</DELETED>
+<DELETED> (2) PRC.--The term ``PRC'' means the People's
+Republic of China.</DELETED>
+<DELETED> (3) PRC sanctions task force; task force.--The
+terms ``PRC Sanctions Task Force'' and ``Task Force'' mean the
+task force established pursuant to section 4.</DELETED>
+
+<DELETED>SEC. 4. PRC SANCTIONS TASK FORCE.</DELETED>
+
+<DELETED> (a) Establishment.--Not later than 180 days after the date
+of the enactment of this Act, the Coordinator for Sanctions of the
+Department of State and the Director of the Office of Foreign Assets
+Control of the Department of the Treasury, in coordination with the
+Director of National Intelligence and the heads of other Federal
+agencies, as appropriate, shall establish an interagency task force to
+identify military and non-military entities that could be subject to
+sanctions or other economic actions imposed by the United States
+immediately following any action taken by the PRC that demonstrates an
+attempt to achieve, or has the significant effect of achieving, the
+physical or political control of Taiwan, including by taking any of the
+actions described in paragraphs (1) through (4) of section 2.</DELETED>
+<DELETED> (b) Strategy.--Not later than 180 days after the
+establishment of the PRC Sanctions Task Force, the Task Force shall
+provide a briefing to the appropriate congressional committees for
+identifying proposed targets for sanctions or other economic actions
+referred to in subsection (a), which shall--</DELETED>
+<DELETED> (1) assess how existing sanctions programs could
+be used to impose sanctions with respect to entities identified
+by the Task Force;</DELETED>
+<DELETED> (2) develop or propose, as appropriate, new
+sanctions authorities that might be required to impose
+sanctions with respect to such entities;</DELETED>
+<DELETED> (3) analyze the potential economic consequences to
+the United States, and to allies and partners of the United
+States, of imposing various types of such sanctions with
+respect to such entities;</DELETED>
+<DELETED> (4) assess measures that could be taken to
+mitigate the consequences referred to in paragraph (3),
+including through the use of licenses, exemptions, carve-outs,
+and other approaches;</DELETED>
+<DELETED> (5) include coordination with allies and partners
+of the United States--</DELETED>
+<DELETED> (A) to leverage sanctions and other
+economic tools including actions targeting the PRC's
+financial and industrial sectors to deter or respond to
+aggression against Taiwan;</DELETED>
+<DELETED> (B) to identify and resolve potential
+impediments to coordinating sanctions-related efforts
+or other economic actions with respect to responding to
+or deterring aggression against Taiwan;</DELETED>
+<DELETED> (C) to identify industries, sectors, or
+goods and services where the United States and allies
+and partners of the United States can take coordinated
+action through sanctions or other economic tools that
+will have a significant negative impact on the economy
+of the PRC; and</DELETED>
+<DELETED> (D) to coordinate actions with partners
+and allies to provide economic support to Taiwan and
+other countries being threatened by the PRC, including
+measures to counter economic coercion by the
+PRC;</DELETED>
+<DELETED> (6) assess the resource gaps and needs at the
+Department of State, the Department of the Treasury, the
+Department of Commerce, the United States Trade Representative,
+and other Federal agencies, as appropriate, to most effectively
+use sanctions and other economic tools to respond to the
+threats posed by the PRC;</DELETED>
+<DELETED> (7) recommend how best to target sanctions and
+other economic tools against individuals, entities, and
+economic sectors in the PRC, which shall take into account--
+</DELETED>
+<DELETED> (A) the role of such targets in supporting
+policies and activities of the Government of the PRC,
+or of the Chinese Communist Party, that pose a threat
+to the national security or foreign policy interests of
+the United States;</DELETED>
+<DELETED> (B) the negative economic implications of
+such sanctions and tools for the Government of the PRC,
+including its ability to achieve its objectives with
+respect to Taiwan; and</DELETED>
+<DELETED> (C) the potential impact of such sanctions
+and tools on the stability of the global financial
+system, including with respect to--</DELETED>
+<DELETED> (i) state-owned
+enterprises;</DELETED>
+<DELETED> (ii) officials of the Government
+of the PRC and of the Chinese Communist
+Party;</DELETED>
+<DELETED> (iii) financial institutions
+associated with the Government of the PRC;
+and</DELETED>
+<DELETED> (iv) companies in the PRC that are
+not formally designated by the Government of
+the PRC as state-owned enterprises;
+and</DELETED>
+<DELETED> (8) identify any foreign military or non-military
+entities that would likely be used to achieve the outcomes
+specified in section 2, including entities in the shipping,
+logistics, energy (including oil and gas), maritime, aviation,
+ground transportation, and technology sectors.</DELETED>
+
+<DELETED>SEC. 5. ANNUAL REPORT.</DELETED>
+
+<DELETED> Not later than 180 days after the briefing required under
+section 4(b), and annually thereafter, the PRC Sanctions Task Force
+shall submit a classified report to the appropriate congressional
+committees that includes information regarding--</DELETED>
+<DELETED> (1) any entities identified pursuant to section
+4(b)(8);</DELETED>
+<DELETED> (2) any new authorities required to impose
+sanctions with respect to such entities;</DELETED>
+<DELETED> (3) potential economic impacts on the PRC, the
+United States, and allies and partners of the United States
+resulting from the imposition of sanctions with respect to such
+entities;</DELETED>
+<DELETED> (4) mitigation measures that could be employed to
+limit any deleterious economic impacts on the United States and
+allies and partners of the United States of such
+sanctions;</DELETED>
+<DELETED> (5) the status of coordination with allies and
+partners of the United States regarding sanctions and other
+economic tools identified under this Act;</DELETED>
+<DELETED> (6) resource gaps and recommendations to enable
+the Department of State and the Department of the Treasury to
+use sanctions to more effectively respond to the malign
+activities of the Government of the PRC; and</DELETED>
+<DELETED> (7) any additional resources that may be necessary
+to carry out the strategies and recommendations included in the
+report submitted pursuant to section 4(b).</DELETED>
+
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Deter PRC Aggression Against Taiwan
@@ -36,12 +224,13 @@
SEC. 2. SENSE OF CONGRESS.
-It is the sense of Congress that the United States must be prepared
-to take immediate action to impose sanctions with respect to any
-military or non-military entities owned, controlled, or acting at the
-direction of the Government of the PRC or the Chinese Communist Party
-that are supporting actions by the Government of the PRC or by the
-Chinese Communist Party--
+(a) Sense of Congress Regarding Preparedness to Impose Sanctions in
+the Event of a Taiwan Contingency.--It is the sense of Congress that
+the United States must be prepared to take immediate action to impose
+sanctions with respect to any military or non-military entities owned,
+controlled, or acting at the direction of the Government of the PRC or
+the Chinese Communist Party that are supporting actions by the
+Government of the PRC or by the Chinese Communist Party--
(1) to overthrow or dismantle the governing institutions in
Taiwan;
(2) to occupy any territory controlled or administered by
@@ -54,6 +243,25 @@
attack on Taiwan that erodes the ability of the
governing institutions in Taiwan to operate or provide
essential services to the citizens of Taiwan.
+(b) Sense of Congress Regarding United States Policy Toward Taiwan
+and the Government of the PRC.--It is the sense of Congress that--
+(1) planning and recommendations developed by the PRC
+Sanctions Task Force pursuant to section 4 are intended to
+compliment other United States responses to PRC aggression and
+not contravene long-standing United States policy on Taiwan;
+(2) The United States remains committed to its ``One
+China'' policy, guided by the Taiwan Relations Act (22 U.S.C.
+3301 et seq.), the three United States-People's Republic of
+China Joint Communiques, and the Six Assurances;
+(3) any attempt by the People's Republic of China to
+resolve Taiwan's status through force, coercion, or other non-
+peaceful means is contrary to United States policy and national
+interests; and
+(4) the future of Taiwan should be determined peacefully,
+free from the use of military force or any other forms of
+military, economic, or other forms of coercion from the
+People's Republic of China, and in a manner that is acceptable
+to the people of Taiwan.
SEC. 3. DEFINITIONS.
@@ -123,7 +331,7 @@
(B) to identify and resolve potential impediments
to coordinating sanctions-related efforts or other
economic actions with respect to responding to or
-deterring aggression against Taiwan;
+deterring aggression against Taiwan; and
(C) to identify industries, sectors, or goods and
services where the United States and allies and
partners of the United States can take coordinated
@@ -194,4 +402,41 @@
(7) any additional resources that may be necessary to carry
out the strategies and recommendations included in the report
submitted pursuant to section 4(b).
-<all>
+
+SEC. 6. RULES OF CONSTRUCTION.
+
+(a) Rule of Construction Regarding Continued United States Policy
+Toward Taiwan and the Government of the PRC.--Nothing in this Act may
+be construed as a change to the One China Policy of the United States,
+which is guided by the Taiwan Relations Act (22 U.S.C. 3301 et seq.),
+the three United States-People's Republic of China Joint Communiques,
+and the Six Assurances.
+(b) Rule of Construction Regarding Sanctions Authorities Identified
+or Recommended by the Task Force.--None of the sanctions identified or
+recommended pursuant to this Act are self-executing. Any such sanctions
+may only be imposed on an entity if they are explicitly authorized
+under--
+(1) a Federal law that was in effect on the day before the
+date of the enactment of this Act; or
+(2) an Act of Congress that is enacted after the date of
+the enactment of this Act.
+Calendar No. 245
+
+119th CONGRESS
+
+1st Session
+
+S. 2960
+
+_______________________________________________________________________
+
+A BILL
+
+To develop economic tools to deter aggression by the People's Republic
+of China against Taiwan.
+
+_______________________________________________________________________
+
+October 30, 2025
+
+Reported with an amendment