Pressure Regulatory Organizations to End Chinese Threats to Taiwan Act

Floor Speech

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Mr. LUCAS. Mr. Speaker, I thank the chairman for yielding time.

Mr. Speaker, I am proud to rise today in support of my bill, H.R. 1531, the PROTECT Taiwan Act.

Under the Taiwan Relations Act, the President is required to notify Congress if China poses an immediate threat to Taiwan's security. If this notification is triggered, my bill states that it is U.S. policy to exclude Chinese representatives from key international organizations such as the G20, the Financial Stability Board, and the Basel Committee on Banking Supervision.

This bill sends a clear message. If China intends to engage in conflict with Taiwan, then China should be prepared to withstand the consequences.

In the wake of the Russian invasion of Ukraine, this body enacted a similar regime to demonstrate to the world that violating international order comes with swift and severe results.

We should have a proactive policy toward Beijing today. As China continues to show aggression in the South China Sea, the United States must show clear resolve that aggression will not be tolerated.

The United States' response to an invasion of Taiwan should be robust and include numerous sanctions and economic penalties. Exclusion from international bodies must be a part of that response.

If China seeks to disrupt the global order, then China cannot continue to be party to international organizations that seek to preserve that order.

China's position in multilateral economic institutions will be at risk should they engage in hostilities toward Taiwan. We simply cannot overlook the value of deterrence and preparedness.

China should understand the economic and diplomatic repercussions of threatening international financial stability and make its choices accordingly.

Mr. Speaker, I thank my colleague from Texas (Mr. Gonzalez) for his work on this issue and for cosponsoring this legislation. We received unanimous support in the committee, and I hope that the body will continue that tradition today.

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