Deter PRC Aggression Against Taiwan Act

Key Points

• The bill creates a PRC Sanctions Task Force, led by the State Department and Treasury, to identify Chinese military and civilian entities that could face U.S. sanctions if China moves against Taiwan. The task force must be set up within 180 days of the bill becoming law.
• The task force would examine a wide range of industries in China, including shipping, energy, aviation, technology, and logistics, to build a list of targets the U.S. could sanction immediately if China tries to take control of Taiwan through force, blockade, or cyberattack.
• A key part of the plan involves working with U.S. allies to coordinate sanctions and other economic tools, while also studying how those penalties might hurt the U.S. economy and the global financial system so they can prepare ways to limit the damage.
• The task force must brief Congress within a year of the bill's enactment and then submit a classified annual report covering new sanction targets, resource gaps, and coordination with allies. Importantly, no sanctions identified by the task force would take effect automatically; they would require separate authorization from Congress.