Directs financial regulators to exclude Chinese representatives from certain banking organizations upon notice of threats to Taiwan.
Directs the Secretary of the Treasury, the Board of Governors of the Federal Reserve System, and the Securities and Exchange Commission to exclude representatives of the People’s Republic of China from certain banking organizations upon notice of threats to Taiwan. The President may waive this exclusion if it is in the national interest of the United States. The act expires five years after enactment or 30 days after the President notifies Congress that termination is in the national interest.
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