The House has passed H.R. 1531 - Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act. This bill was introduced by Representative Frank D. Lucas.
The vote was 395-2.
You can track corporate lobbying on this bill and relevant congressional stock trades on Quiver Quantitative's H.R. 1531 bill page.
Here is a short summary of a November 25, 2025 version of the bill.
H.R. 1531 - Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act Summary
This bill, officially titled the "Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act" or "PROTECT Taiwan Act," outlines measures for the United States to respond to perceived threats from the People's Republic of China (PRC) towards Taiwan. Here is a breakdown of the main elements of the bill:
Purpose
The central purpose of the bill is to direct U.S. financial regulators to exclude representatives from the PRC from certain significant international banking and financial organizations when there is a threat to Taiwan's security or the interests of the United States.
Trigger of Actions
The actions described in the bill would be initiated by the President's notification to Congress regarding any threats posed by the PRC to Taiwan's security or social and economic stability. This notification is governed by the Taiwan Relations Act.
Organizations Affected
Upon such notification, the bill aims to exclude PRC representatives from participating in the following organizations:
- The Group of Twenty (G20)
- The Bank for International Settlements
- The Financial Stability Board
- The Basel Committee on Banking Supervision
- The International Association of Insurance Supervisors
- The International Organization of Securities Commissions
Implementation
The bill mandates that the following U.S. regulatory bodies take necessary actions to implement this exclusion policy:
- The Secretary of the Treasury
- The Board of Governors of the Federal Reserve System
- The Securities and Exchange Commission
Waiver Provision
The bill includes a provision that allows the President to waive the exclusion in certain circumstances. For a waiver to be granted, the President must submit a report to the relevant congressional committees, demonstrating that the waiver serves the national interest and providing an explanation for the decision.
Termination
This legislation has a sunset provision, meaning it will cease to be effective five years after its enactment or sooner if the President notifies Congress that its termination is in the U.S. national interest.
Relevant Companies
None found.
This article is not financial advice. Bill summaries may be unreliable. Consult Congress.gov for full bill text. See Quiver Quantitative's disclaimers for more information.
Representative Frank D. Lucas Bill Proposals
Here are some bills which have recently been proposed by Representative Frank D. Lucas:
- H.R.6967: Public Company Advisory Committee Act of 2026
- H.R.5089: Weather Act Reauthorization Act of 2025
- H.R.4459: MINT Act of 2025
- H.R.3816: Weather Act Reauthorization Act of 2025
- H.R.3690: Securing Innovation in Financial Regulation Act
- H.R.3244: CASH Act
You can track bills proposed by Representative Frank D. Lucas on Quiver Quantitative's politician page for Lucas.
Representative Frank D. Lucas Net Worth
Quiver Quantitative estimates that Representative Frank D. Lucas is worth $3.0M, as of February 10th, 2026. This is the 220th highest net worth in Congress, per our live estimates.
Lucas has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Representative Frank D. Lucas's net worth on Quiver Quantitative's politician page for Lucas.
