S.4065

S. 4065

March 11, 2026

Mr. Sullivan (for himself, Mr. Graham, Ms. Duckworth, Mr. Kennedy, Mr. Budd, Mr. Ricketts, Mr. McCormick, and Mr. Cornyn) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To require the imposition of sanctions with respect to the People’s Republic of China if the People’s Republic of China threatens the security of Taiwan, and for other purposes.

1. Short title; table of contents; 2. Findings; 3. Sense of Congress; 4. Definitions; TITLE I—SANCTIONS AND OTHER MEASURES IN RESPONSE TO SIGNIFICANT THREATS TO SECURITY OF TAIWAN; 101. Covered determinations; 102. Imposition of sanctions with respect to officials of the Government of the People’s Republic of China and members of the Chinese Communist Party; 103. Imposition of sanctions with respect to financial institutions affiliated with the Government of the People’s Republic of China; 104. Imposition of sanctions with respect to entities owned by or affiliated with the Government of the People’s Republic of China or the Chinese Communist Party; 105. Prohibition on transfers of funds involving the People’s Republic of China; 106. Prohibition on listing or trading of Chinese entities on United States securities exchanges; 107. Prohibition on investments by United States financial institutions that benefit the Government of the People’s Republic of China or the Chinese Communist Party; 108. Measures relating to energy sector of the People’s Republic of China; 109. Prohibition on purchases of sovereign debt of the People’s Republic of China by United States persons; 110. Prohibition on provision of services to sanctioned financial institutions by international financial messaging systems; 111. Increases in duties on goods imported from the People’s Republic of China; 112. Increases in duties on goods imported from countries that support the People’s Republic of China; TITLE II—GENERAL PROVISIONS; 201. Sanctions described; 202. National security waiver; 203. Exceptions; 204. Implementation; penalties; 205. Termination authority