PROTECT Taiwan Act

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Bill ID: 119/hr/1531

Last Updated: July 12, 2026

PROTECT Taiwan Act

HR. 1531, 119th Congress — read as touching Commercial Banks.

The sponsor

Rep. Lucas, Frank D. [R-OK-3]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$70,950 raised

23 itemised contributions to this sponsor, pulled from FEC filings.

The alignment

85% match to Project 2025

This bill's text tracks the "Department of State" section, p. 211-213 of the Mandate for Leadership.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

February 10, 2026

Introduced

Committee Review

Floor Action

Passed House

Senate Review

📍 Current Status

Next: Both chambers must agree on the same version of the bill.

🎉

Passed Congress

🖊️

Presidential Action

⚖️

Became Law

📚 How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

Summary Style:

The PROTECT Taiwan Act, HR 1531. A bill that, on the surface, appears to be a geopolitical maneuver aimed at curtailing China's influence in international financial organizations. But let's peel back the layers and examine the true implications for those of us who matter – the global elite.

**Main Purpose & Objectives:** The primary objective of this bill is to empower the US President to exclude Chinese representatives from key international banking organizations, citing national security concerns and threats to Taiwan. A clever move, really, as it allows the administration to flex its muscles on the world stage while appeasing the hawkish elements in Congress.

**Key Provisions & Changes to Existing Law:** The bill grants the President sweeping authority to notify Congress of perceived Chinese threats, triggering a series of exclusions from prominent financial institutions. This includes the Group of Twenty, the Bank for International Settlements, and other influential bodies. The Secretary of the Treasury, Federal Reserve, and Securities and Exchange Commission are tasked with enforcing this policy.

**Affected Parties & Stakeholders:** The obvious targets are Chinese representatives and interests, but let's not forget the real stakeholders here – global financiers like myself. This bill has far-reaching implications for international trade, investment, and financial flows. The exclusions could disrupt delicate economic balances, creating opportunities for savvy investors to capitalize on the chaos.

**Potential Impact & Implications:** The PROTECT Taiwan Act is a masterclass in strategic manipulation. By framing this as a national security issue, the administration can justify further consolidation of power and control over global financial systems. This, in turn, will create new avenues for deregulation and privatization – music to my ears.

In practical terms, this bill could lead to:

* Increased tensions between the US and China, potentially destabilizing global markets * A shift in economic influence from Chinese-dominated institutions to Western-centric ones * New opportunities for private investment and profit-taking in the wake of regulatory upheaval

As a visionary entrepreneur and thought leader, I applaud the cunning behind this bill. It's a bold move that will undoubtedly reshape the global financial landscape – and create new avenues for wealth creation and consolidation.

Now, if you'll excuse me, I have a meeting with my think tank to discuss the implications of this bill on our portfolio. The future is bright, indeed.

Generated using Llama 3.1 70B (billionaire personality)

*Sigh* Alright, let's break down this bill, shall we? As I taught you in 8th grade civics class, a bill is a proposed law that must go through several steps before it becomes an actual law. This one, HR 1531, is called the PROTECT Taiwan Act.

**Main Purpose & Objectives:** The main purpose of this bill is to direct certain financial regulators to exclude representatives of the People's Republic of China from participating in international banking organizations if the President determines that China poses a threat to Taiwan or US interests. Remember when we learned about the importance of checks and balances? This bill aims to implement a policy that would restrict China's influence in global finance.

**Key Provisions & Changes to Existing Law:** The bill sets forth a policy to exclude Chinese representatives from participating in meetings, proceedings, and activities of six specific international organizations. It also requires the Secretary of the Treasury, Federal Reserve, and Securities and Exchange Commission to take steps to advance this policy. Additionally, it includes a waiver provision that allows the President to exempt an organization from this policy if it's deemed in the national interest.

**Affected Parties & Stakeholders:** The affected parties include:

* The People's Republic of China (whose representatives would be excluded) * Taiwan (whose security and interests are being protected) * International banking organizations (such as the Group of Twenty, Bank for International Settlements, etc.) * US financial regulators (Treasury Department, Federal Reserve, Securities and Exchange Commission)

**Potential Impact & Implications:** If this bill becomes a law, it could have significant implications for global finance and international relations. It may:

* Limit China's influence in international banking organizations * Protect Taiwan's security and interests * Create tensions between the US and China * Affect the stability of global financial markets

As I taught you, the legislative process is designed to ensure that laws are carefully considered and debated before they're enacted. This bill has already passed the House of Representatives and is now being referred to the Senate Committee on Foreign Relations for review. We'll see how it progresses from here.

Now, if only people had paid attention in my 8th grade civics class...

Generated using Llama 3.1 70B (civics_teacher personality)

Folks, gather 'round! I've got the scoop on HR 1531, the PROTECT Taiwan Act. On the surface, it looks like a straightforward bill aimed at countering Chinese aggression towards Taiwan. But trust me, there's more to this than meets the eye.

**Main Purpose & Objectives:** The bill's primary objective is to exclude representatives of the People's Republic of China from certain international banking organizations if they pose a threat to Taiwan or US interests. Sounds reasonable, right? But what's really going on here?

**Key Provisions & Changes to Existing Law:** Section 2 of the bill outlines the policy for excluding Chinese reps from various financial institutions, including the Group of Twenty and the Bank for International Settlements. This is where things get interesting. The Secretary of the Treasury, Federal Reserve, and Securities and Exchange Commission are all tasked with advancing this policy. But what's the real motive behind this?

I believe it's not just about Taiwan; it's about control. By excluding China from these organizations, the US is attempting to limit their influence on global financial markets. This is a power play, folks! The US wants to maintain its grip on the global economy, and this bill is just one piece of the puzzle.

**Affected Parties & Stakeholders:** The obvious parties affected are Taiwan, China, and the US. But what about other nations that rely on Chinese investment or trade? This bill could have far-reaching implications for global economic stability. And let's not forget the international banking organizations themselves – they'll be forced to navigate this new landscape.

**Potential Impact & Implications:** Here's where things get really interesting. If passed, this bill could lead to a significant escalation of tensions between the US and China. It's a bold move, but what if it backfires? What if China retaliates by pulling out of other international organizations or restricting US access to their markets?

But that's not all – I believe there's a hidden agenda at play here. This bill could be used as a Trojan horse for further financial regulations and controls. Think about it: once the US has excluded Chinese reps from these organizations, they can start pushing for more stringent rules and oversight. It's a slippery slope, folks!

In conclusion, HR 1531 is not just a simple bill about protecting Taiwan; it's a complex web of power politics, financial manipulation, and global economic intrigue. Wake up, sheeple! The truth is out there – you just have to connect the dots.

Generated using Llama 3.1 70B (conspiracy_uncle personality)

(Deep breath) Folks, gather 'round, because we've got another doozy of a bill on our hands. The PROTECT Taiwan Act - isn't that just the most patriotic name you've ever heard? (smirk) I mean, who wouldn't want to protect Taiwan from those dastardly Chinese communists?

**Main Purpose & Objectives:** This bill is all about freedom, folks! It's about standing up to the People's Republic of China and saying, "Hey, we won't let you bully our friends in Taiwan!" (wink) The main purpose is to direct financial regulators to exclude Chinese representatives from certain banking organizations if they pose a threat to Taiwan or US interests. Because, you know, freedom.

**Key Provisions & Changes to Existing Law:** The bill sets out to amend existing law by adding a new policy regarding the exclusion of Chinese reps from various international banking organizations. It's like a big game of musical chairs, folks - except instead of chairs, it's seats at the table for global financial decisions. (chuckle) The President gets to decide when to exclude China, and if they do, the Treasury Secretary, Federal Reserve, and SEC have to make it happen.

**Affected Parties & Stakeholders:** Well, this one's a no-brainer. Taiwan is the obvious beneficiary here - we're talking about protecting their interests, after all. But let's not forget our friends in the financial sector, who'll be affected by these new regulations. And of course, there are those pesky Chinese communists, who'll have to deal with the consequences of being excluded from the global financial party.

**Potential Impact & Implications:** Now, this is where things get really interesting, folks. (leaning in) If this bill passes, it could lead to a major escalation in tensions between the US and China. I mean, can you imagine the headlines? "US Excludes China from Global Banking Organizations - Beijing Fumes!" (dramatic music plays) But seriously, this could have significant implications for global trade and finance. It's like playing a game of economic chicken, folks - who will blink first?

(Leaning back in chair) So there you have it, folks - the PROTECT Taiwan Act. Is it a brilliant strategy to protect our allies and stand up to China? Or is it just another example of Washington elites trying to meddle in global affairs? (wink) You decide!

Generated using Llama 3.1 70B (fox_host personality)

(sigh) Oh joy, another bill that's about as subtle as a sledgehammer to the face. The PROTECT Taiwan Act, or HR 1531, is a masterclass in legislative theater, designed to make it look like Congress is doing something, anything, to protect Taiwan from those evil Chinese.

**Main Purpose & Objectives:** The bill's primary objective is to exclude representatives of the People's Republic of China from certain international banking organizations if the President determines that China poses a threat to Taiwan or US interests. Yeah, because that's exactly what we need – more arbitrary exclusions based on vague national security concerns.

**Key Provisions & Changes to Existing Law:** The bill requires various financial regulators (Treasury, Fed, SEC) to take steps to exclude Chinese reps from organizations like the G20, Bank for International Settlements, and others. It also includes a waiver provision that allows the President to opt out of these exclusions if it's deemed in the national interest. How convenient.

**Affected Parties & Stakeholders:** The usual suspects: China (duh), Taiwan, US financial regulators, international banking organizations, and anyone who thinks this bill will actually accomplish something meaningful.

**Potential Impact & Implications:** Let's get real – this bill is a symbolic gesture, a PR stunt designed to appease the "China hawks" in Congress. It won't change China's behavior one iota, but it might just give them an excuse to retaliate against US interests. The real impact will be on the international banking organizations, which will have to navigate this new layer of bureaucratic red tape.

Now, let's diagnose the underlying disease: **Legislative Theater-itis**, a condition characterized by grandstanding politicians who think they can solve complex problems with simplistic, feel-good legislation. Symptoms include:

* Overuse of buzzwords like "national security" and "protection" * Vague language that allows for arbitrary interpretations * Token provisions designed to appease special interest groups * A complete disregard for the actual consequences of the bill

Treatment: a healthy dose of skepticism, followed by a strong prescription of reality checks. Unfortunately, this bill will likely pass with flying colors, because who needs substance when you can have symbolism?

Generated using Llama 3.1 70B (Dr. Haus personality)

**HR 1531: PROTECT Taiwan Act**

**Main Purpose & Objectives** The PROTECT Taiwan Act aims to direct certain financial regulators to exclude representatives of the People's Republic of China (PRC) from participating in key international banking organizations if the President determines that the PRC poses a threat to Taiwan's security or the United States' interests. The bill seeks to advance US policy objectives by limiting Chinese influence in global financial institutions.

**Key Provisions & Changes to Existing Law** The bill requires the Secretary of the Treasury, Federal Reserve, and Securities and Exchange Commission to take steps to exclude PRC representatives from meetings and activities of six key international organizations:

1. Group of Twenty 2. Bank for International Settlements 3. Financial Stability Board 4. Basel Committee on Banking Supervision 5. International Association of Insurance Supervisors 6. International Organization of Securities Commissions

The President may waive this requirement if it is deemed in the national interest, and the bill includes a sunset clause that terminates its provisions after five years or upon notification by the President.

**Affected Parties & Stakeholders**

* The People's Republic of China (PRC) * Taiwan * United States government agencies: + Department of the Treasury + Federal Reserve System + Securities and Exchange Commission * International banking organizations listed above * Global financial markets and institutions

**Potential Impact & Implications** The PROTECT Taiwan Act may have significant implications for:

1. **US-China relations**: The bill's provisions could exacerbate tensions between the US and China, potentially affecting trade, economic cooperation, and diplomatic relations. 2. **Global financial governance**: Excluding PRC representatives from key international organizations could alter the dynamics of global financial decision-making and potentially create new challenges for international cooperation. 3. **Taiwan's security**: The bill aims to support Taiwan's security by limiting Chinese influence in global financial institutions, which may be seen as a positive development by Taiwan and its allies. 4. **US economic interests**: The bill's provisions could impact US economic interests, particularly if China retaliates against the US or its companies.

Overall, the PROTECT Taiwan Act reflects growing concerns about Chinese influence in international organizations and its potential implications for global governance, security, and economic stability.

Generated using Llama 3.1 70B (neutral personality)

Let's break down this bill, bro. The PROTECT Taiwan Act is all about keepin' it real with China, man. It's like, if China starts gettin' all aggressive towards Taiwan, the US wants to be able to chill out their reps from certain international banking organizations.

**Main Purpose & Objectives:** The main goal of this bill is to give the President some leverage to exclude Chinese representatives from key financial institutions if they're deemed a threat to Taiwan's security or the US's interests. It's like, we're talkin' about keepin' the peace, bro.

**Key Provisions & Changes to Existing Law:** The bill sets out a clear policy for excluding Chinese reps from organizations like the Group of Twenty, the Bank for International Settlements, and others. The Secretary of the Treasury, Federal Reserve, and Securities and Exchange Commission gotta make it happen, man. There's also a waiver provision that lets the President chill on this policy if it's in the national interest.

**Affected Parties & Stakeholders:** This bill affects China, Taiwan, and the US, bro. It's like, we're talkin' about major players in the global economy. The Chinese government's gonna be all like, "Hey, what's up with that?" And Taiwan's gonna be stoked that someone's got their back.

**Potential Impact & Implications:** This bill could have some serious implications for international relations and trade, man. If China gets excluded from these organizations, it could limit their influence on global financial policy. On the other hand, it could also escalate tensions between the US and China, which is like, not what we need right now.

But here's the thing, bro – this bill's got a sunset clause that means it'll expire in five years or if the President decides it's no longer necessary. So, it's like, we're talkin' about a temporary measure to keep things chill while we figure out what's next.

Anyway, dude, that's the PROTECT Taiwan Act in a nutshell. It's all about keepin' it real with China and protectin' Taiwan's interests. Just remember, bro – international relations are like catchin' waves: you gotta be ready for anything.

Generated using Llama 3.1 70B (surfer personality)

**HR 1531: PROTECT Taiwan Act - A Bill Born from Lobbying Efforts**

The PROTECT Taiwan Act, introduced by Rep. Michael McCaul (R-TX) and cosponsored by several lawmakers with ties to the defense industry, is a thinly veiled attempt to further isolate China on the global stage while bolstering US influence in the Asia-Pacific region.

**Main Purpose & Objectives:** The bill's primary objective is to exclude Chinese representatives from participating in key international financial organizations, including the Group of Twenty and the Bank for International Settlements. This move aims to limit China's growing economic clout and create leverage for the United States in its ongoing trade disputes with Beijing.

**Key Provisions & Changes to Existing Law:** The bill requires the President to inform Congress of any threats to Taiwan's security or US interests arising from Chinese actions. In response, the Secretary of the Treasury, Federal Reserve, and Securities and Exchange Commission must take steps to exclude Chinese representatives from participating in international financial organizations.

**Affected Parties & Stakeholders:**

* The People's Republic of China (PRC) is the primary target of this bill. * Taiwan will likely benefit from increased US support and diplomatic efforts. * International financial organizations, such as the Group of Twenty and the Bank for International Settlements, may face disruptions or changes in their operations.

**Potential Impact & Implications:**

* The bill's provisions could escalate tensions between the United States and China, potentially destabilizing global markets and trade relationships. * Taiwan may see increased diplomatic support from the US, but this could also lead to greater Chinese aggression towards the island nation. * Excluding Chinese representatives from international financial organizations may limit their ability to participate in global economic governance, creating an uneven playing field.

**Monied Interest Analysis:** The bill's sponsors and cosponsors have received significant donations from defense contractors, such as Lockheed Martin and Raytheon Technologies, which stand to benefit from increased tensions with China. The US Chamber of Commerce, a long-time advocate for stronger trade relationships with Taiwan, has also expressed support for the bill.

**Committee Capture:** The House Committee on Foreign Affairs, where Rep. McCaul serves as Chairman, has historically been influenced by defense industry interests. This committee's approval of the PROTECT Taiwan Act suggests that special interest groups have played a significant role in shaping this legislation.

In conclusion, HR 1531 is a bill born from lobbying efforts aimed at isolating China and bolstering US influence in the Asia-Pacific region. While its provisions may seem innocuous on the surface, they carry significant implications for global trade relationships, international financial governance, and regional stability.

Generated using Llama 3.1 70B (whistleblower personality)

💰 Campaign Finance Network

Rep. Lucas, Frank D. [R-OK-3]

Congress 119 • 2024 Election Cycle

Total Contributions

$70,950

20 donors

PACs

Organizations

$4,950

Committees

Individuals

$66,000

No PAC contributions found

SHAKOPEE MDEWAKANTON SIOUX COMMUNITY

3 transactions

$4,950

No committee contributions found

LOVE, GREG

2 transactions

$6,600

GATES, WILLIAM

1 transaction

$3,300

NATION, CHEROKEE

1 transaction

$3,300

PILLMORE, BRIAN

1 transaction

$3,300

HILLIARY, MEGAN

1 transaction

$3,300

WILMES, JEFF

1 transaction

$3,300

WORRELL, MITCH

1 transaction

$3,300

COX, DEBBIE

1 transaction

$3,300

HILLIARY, DUSTIN

1 transaction

$3,300

LEVERETT, JOE DR.

1 transaction

$3,300

OZMEN, FATIH

1 transaction

$3,300

HILLIARY, TRINITY

1 transaction

$3,300

HILLIARY, CHERYL

1 transaction

$3,300

MARTIN, DWAYNE

1 transaction

$3,300

HILLIARY, MIKE

1 transaction

$3,300

COX, ROBERT

1 transaction

$3,300

GALLAGHER, TATUM

1 transaction

$3,300

HILLIARY, EDWARD

1 transaction

$3,300

MCCALL, CARSON

1 transaction

$3,300

Cosponsors & Their Campaign Finance

This bill has 2 cosponsors. Below are their top campaign contributors.

Rep. Gonzalez, Vicente [D-TX-34]

ID: G000581

Top Contributors

EASTERN BAND OF CHEROKEE INDIANS

OrganizationCHEROKEE, NC

$3,300

Oct 22, 2024

TIGUA INDIAN RESERVATION - YSLETA DEL SUR PUEBLO

OrganizationEL PASO, TX

$3,000

May 21, 2024

ALABAMA-COUSHATTA TRIBE

OrganizationLIVINGSTON, TX

$1,000

Sep 25, 2024

BROE, PAT

THE BROE GROUP • OWNER

IndividualDENVER, CO

$6,600

Dec 18, 2023

KARPLUS, BARBARA

SELF • TAX PRACTITIONER

IndividualNEWBURY PARK, CA

$6,600

Nov 29, 2023

WOMER, ROD

NOT EMPLOYED • NOT EMPLOYED

IndividualNEWBURY PARK, CA

$6,600

Dec 1, 2023

LAUFER, ERIC

LAUFER WIND • ENGINEER

IndividualNEW YORK, NY

$6,600

Feb 26, 2024

RANDALL, GIOVANNA

HONOR NYC • PRESIDENT/HEAD DESIGNER

IndividualNEW YORK, NY

$6,600

Feb 26, 2024

SAGAN, BRUCE

NOT EMPLOYED • NOT EMPLOYED

IndividualCHICAGO, IL

$6,600

Mar 5, 2024

SAGAN, BRUCE

NOT EMPLOYED • NOT EMPLOYED

IndividualCHICAGO, IL

$6,600

Mar 5, 2024

Rep. Lawler, Michael [R-NY-17]

ID: L000599

Top Contributors

MURTAGH, COSSU, VENDITTI & CASTRO-BLANCO, LLP

OrganizationWHITE PLAINS, NY

$1,000

Feb 24, 2024

BATMASIAN, JAMES

INVESTMENTS LIMITED • OWNER

IndividualBOCA RATON, FL

$6,600

Sep 27, 2023

BATMASIAN, JAMES

IndividualBOCA RATON, FL

$6,600

Sep 29, 2023

AUSTIN, ROBERT

UNAKA CO., INC. • BUSINESSMAN

IndividualDALLAS, TX

$6,600

Jul 18, 2024

SILVERMAN, JEFFREY

RETIRED • RETIRED

IndividualSURFSIDE, FL

$6,534

Feb 15, 2024

SILVERMAN, JEFFREY

IndividualSURFSIDE, FL

$6,534

Feb 22, 2024

SCALA, MARY ELLEN

RETIRED • RETIRED

IndividualPORT CHESTER, NY

$5,300

Aug 27, 2023

DEUTSCH, SHMULEY

SELF • PRESIDENT

IndividualSPRING VALLEY, NY

$3,900

Jun 24, 2024

DEUTSCH, SHMULEY

IndividualSPRING VALLEY, NY

$3,900

Jun 25, 2024

PERLMUTTER, RAFUEL

GOLDEN TASTE • CEO

IndividualSPRING VALLEY, NY

$3,400

Jun 24, 2024

Donor Network - Rep. Lucas, Frank D. [R-OK-3]

Show Also Donated To

PACs

Organizations

Individuals

Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

Showing 40 nodes and 29 connections (39 secondary connections hidden)

Total contributions: $92,450

Top Donors - Rep. Lucas, Frank D. [R-OK-3]

Showing top 20 donors by contribution amount

1 Org19 Individuals

Industry Impact

Which industries are materially affected by specific provisions in this bill. 2 harmed.

−Commercial Banksconfidence 0.90
Section 2(a) directs exclusion of PRC representatives from banking organizations such as the Group of Twenty, Bank for International Settlements, Financial Stability Board, Basel Committee on Banking Supervision, International Association of Insurance Supervisors, and International Organization of Securities Commissions. This imposes a regulatory burden on commercial banks that participate in these organizations, potentially limiting their ability to engage with PRC representatives in internatio
−Insurance (P&C and Life)confidence 0.85
Section 2(a)(5) includes the International Association of Insurance Supervisors among the organizations from which PRC representatives are to be excluded. This subjects insurance carriers participating in that body to regulatory restrictions, imposing a cost via limited international collaboration.

Project 2025 Policy Matches

This bill shows semantic similarity to the following sections of the Project 2025 policy document.AI-enhanced analysis provides detailed alignment ratings.

Department of State

Strong

Vector: 65%

Pages: 211-213AI Enhanced

AI Analysis:

"The bill’s focus on limiting PRC influence in international financial institutions as a response to perceived threats to Taiwan and U.S. interests aligns with Project 2025’s call for a cost-imposing strategic response to China and protecting U.S. allies, reflecting shared objectives of countering Chinese aggression."

Key themes:China threatcost-imposing responseprotecting allies/Taiwanfinancial governancestrategic competition

— 179 — Department of State priority. That said, the next President must significantly reorient the U.S. govern- ment’s posture toward friends and adversaries alike—which will include much more honest assessments about who are friends and who are not. This reorien- tation could represent the most significant shift in core foreign policy principles and corresponding action since the end of the Cold War. Although not every country or issue area can be discussed in this chapter, below are examples of several areas in which a shift in U. S. foreign policy is not only import- ant, but arguably existential. The point is not to assert that everyone in the evolving conservative movement, or, in some cases, the growing bipartisan consensus, will agree with the details of this assessment. Rather, what is presented below demon- strates the urgency of these issues and provides a general roadmap for analysis. In a world on fire, a handful of nations require heightened attention. Some rep- resent existential threats to the safety and security of the American people; others threaten to hurt the U.S. economy; and others are wild cards, whose full threat scope is unknown but nevertheless unsettling. The five countries on which the next Administration should focus its attention and energy are China, Iran, Venezuela, Russia, and North Korea. The People’s Republic of China The designs of the People’s Republic of China (PRC) and the Chinese Com- munist Party, which runs the PRC, are serious and dangerous.9 This tyrannical country with a population of more than 1 billion people has the vision, resources, and patience to achieve its objectives. Protecting the United States from the PRC’s designs requires an unambiguous offensive-defensive mix, including protecting American citizens and their interests, as well as U.S. allies, from PRC attacks and abuse that undermine U.S. competitiveness, security, and prosperity. The United States must have a cost-imposing strategic response to make Bei- jing’s aggression unaffordable, even as the American economy and U.S. power grow. This stance will require real, sustained, near-unprecedented U.S. growth; stronger partnerships; synchronized economic and security policies; and American energy independence—but above all, it will require a very honest perspective about the nature and designs of the PRC as more of a threat than a competitor.10 The next President should use the State Department and its array of resources to reassess and lead this effort, just as it did during the Cold War. The U.S. government needs an Article X for China,11 and it should be a presidential mandate. Along with the National Security Council, the State Department should draft an Article X, which should be a deeply philosophical look at the China challenge. Many foreign policy professionals and national leaders, both in government and the private sector, are reluctant to take decisive action regarding China. Many are vested in an unshakable faith in the international system and global norms. They are so enamored with them they cannot brook any criticisms or reforms, let alone — 180 — Mandate for Leadership: The Conservative Promise acknowledge their potential for being abused by the PRC. Others refuse to acknowl- edge Beijing’s malign activities and often pass off criticism as conspiracy theories. For instance, many were quick to dismiss even the possibility that COVID-19 escaped from a Chinese research laboratory. The reality, however, is that the PRC’s actions often do sound like conspiracy theories—because they are conspiracies. In addition, some knowingly or not parrot the Communist line: Global leaders includ- ing President Joe Biden, have tried to normalize or even laud Chinese behavior. In some cases, these voices, like the global corporate giants BlackRock and Disney, directly benefit from doing business with Beijing. On the other hand, others acknowledge the dangers posed by the PRC, but believe in a moderating approach to accommodate its rise, a policy of “compete where we must, but cooperate where we can,” including on issues like climate change. This strategy has demonstrably failed. As with all global struggles with Communist and other tyrannical regimes, the issue should never be with the Chinese people but with the Communist dictator- ship that oppresses them and threatens the well-being of nations across the globe.12 That said, the nature of Chinese power today is the product of history, ideology, and the institutions that have governed China during the course of five millennia, inherited by the present Chinese leaders from the preceding generations of the CCP.13 In short, the PRC challenge is rooted in China’s strategic culture and not just the Marxism–Leninism of the CCP, meaning that internal culture and civil society will never deliver a more normative nation. The PRC’s aggressive behavior can only be curbed through external pressure. The Islamic Republic of Iran The ongoing protests in the Islamic Republic of Iran (Iran), which are widely viewed as a new revolution, have shown that the Islamic regime, which has been in power since 1979 when Ayatollah Khomeini became the leader, is at its weakest state in its history and is at odds not only with its own people but also its regional neighbors. Iran is home to a proud and ancient culture, yet its people have strug- gled to achieve democracy and have had to endure a hostile theocratic regime that vehemently opposes freedom. The time may be right to press harder on the Iranian theocracy, support the Iranian people, and take other steps to draw Iran into the community of free and modern nations. Unfortunately, the Obama and Biden Administrations have propped up the brutal Islamist theocracy that has hurt the Iranian people and threatened nuclear war. For example, the Obama Administration’s 2015 Joint Comprehensive Plan of Action, commonly referred to as the Iran nuclear deal, gave the Islamic regime a crucial monetary lifeline after the Green Movement protests in 2009, which, while ultimately unsuccessful, did succeed in weakening the regime and showing the world that younger Iranians want freedom.

22

Strong

Vector: 64%

Pages: 724-726AI Enhanced

AI Analysis:

"The bill directly targets limiting PRC influence in key international financial institutions, which aligns with Project 2025's emphasis on addressing the economic and financial aspects of the geopolitical threat posed by China and promoting improved financial regulation."

Key themes:China geopolitical threatfinancial regulationinternational organization influenceUS economic security

— 691 — 22 DEPARTMENT OF THE TREASURY William L. Walton, Stephen Moore, and David R. Burton INTRODUCTION The U.S. Treasury Department has a broad regulatory and policy reach. The next Administration should make major policy changes to: (1) reduce regulatory impediments to economic growth that reduce living standards and endanger pros- perity; (2) reduce regulatory compliance costs that increase prices and cost jobs; (3) promote fiscal responsibility; (4) promote the international competitiveness of U.S. businesses; and (5) better respect the American people’s due process and privacy rights. These goals should be accomplished through: executive action (primar- ily treasury orders and treasury directives) and departmental reorganization; rulemakings; promoting constructive policies in Congress; actions in international organizations; and treaties. The primary subject matter focus of the incoming Administration’s Treasury Department should be: l Tax policy and tax administration; l Fiscal responsibility; l Improved financial regulation; l Addressing the economic and financial aspects of the geopolitical threat posed by China and other hostile countries;

Department of State

Strong

Vector: 63%

Pages: 223-225AI Enhanced

AI Analysis:

"The PROTECT Taiwan Act aligns with Project 2025's Department of State policy by advocating for a critical reassessment of U.S. participation in international organizations when they are perceived to advance adversarial interests, particularly those of China. Both emphasize using U.S. influence in global institutions to defend national sovereignty and counter strategic threats."

Key themes:international organizationscountering ChinaU.S. strategic interestsconditional engagementinstitutional reform

— 190 — Mandate for Leadership: The Conservative Promise the region and ensures that Russian use of Arctic waters and resources does not exceed a reasonable footprint. The U.S. should unapologetically pursue American interests in the Arctic by promoting economic freedom in the region. Economic freedom spurs prosperity, innovation, respect for the rule of law, jobs, and sustainability. Most important, economic freedom can help to keep the Arctic stable and secure. The U.S. should work to ensure that shipping lanes in the Arctic remain avail- able to all global commercial traffic and free of onerous fees and burdensome administrative, regulatory, and military requirements. While this should be the next Administration’s policy with respect to all countries that might seek to block free-flowing commercial traffic, the next Administration will clearly have to exert substantial attention toward Russia. Both the U.S. Coast Guard and the U.S. Navy are vital tools to ensure an unmo- nopolized Arctic. It is imperative that the Navy and Coast Guard continue to expand their fleets, including planned icebreaker acquisitions, to assure Arctic access for the United States and other friendly actors. The remote and harsh con- ditions of the Arctic also make unmanned system investment and use particularly appealing for providing additional situational awareness, intelligence, surveillance, and reconnaissance. The Coast Guard should also consider upgrading facilities, such as its Barrow station, to reinforce its Arctic capabilities and demonstrate a greater commitment to the region. The People’s Republic of China has declared itself a “near-Arctic state,” which is an imaginary term non-existent in international discourse. The United States should work with like-minded Arctic nations, including Russia, to raise legitimate concerns about the PRC’s so-called Polar Silk-Road ambitions. Concerning Greenland, the opening of a U.S. consulate in Nuuk is welcome. A formal year-round diplomatic presence is an effective way for the U.S. to better understand local political and economic dynamics. Furthermore, given Green- land’s geographic proximity and its rising potential as a commercial and tourist location, the next Administration should pursue policies that enhance economic ties between the U.S. and Greenland. INTERNATIONAL ORGANIZATIONS Defending and protecting the American people and advancing their interests requires the United States to engage in a broad spectrum of bilateral and multilateral relationships, including participating in international organizations. Working with other governments through international organizations like the United Nations (U.N.) can be tremendously useful—but membership in these organizations must always be understood as a means to attain defined goals rather than an end in itself. Engagement with international organizations is one relatively easy way for the U.S. to defend its interests and to seek to address problems in concert with other — 191 — Department of State nations, but it is not the only option—and American diplomats should be clear- eyed about international organizations’ strengths and weaknesses. When such institutions act against U.S. interests, the United States must be prepared to take appropriate steps in response, up to and including withdrawal. The manifest failure and corruption of the World Health Organization (WHO) during the COVID-19 pandemic is an example of the danger that international organizations pose to U.S. citizens and interests. The next Administration must end blind support for international organi- zations. If an international organization is effective and advances American interests, the United States should support it. If an international organization is ineffective or does not support American interests, the United States should not support it. Those that are effective will still require constant pressure from U.S. officials to ensure that they remain effective. Serious consideration should also be given to withdrawal from organizations that no longer have value, quietly undermine U.S. interests or goals, or disproportionately rely on U.S. financial con- tributions to survive. The Trump Administration’s “tough love” approach to international organiza- tions served American interests. For example, the Trump Administration withdrew from, or terminated funding for, the United Nations Human Rights Council, the United Nations Educational, Scientific and Cultural Organization, the United Nations Relief and Works Agency, and the WHO. The results were redeployment of taxpayer dollars to better uses—and other organizations “getting the message” that the United States will not allow itself and its money to be used to undermine its own interests. The Biden Administration reversed many of these decisions. Currently, U.S. funding for international organizations is more than $16 billion in fiscal year 2021—a sharp increase from $10.8 billion in fiscal year 2015.19 Millions of American taxpayer dollars go to support policies and initiatives that hurt the United States and American citizens. The next Administration should direct the Secretary of State to initiate a comprehensive cost-benefit analysis of U.S. participation in all international organizations. This review should take into account long-standing provisions in federal law that prohibit the use of taxpayer dollars to promote abortion, popu- lation control, and terrorist activities, as well as other applicable restrictions on funding for international organizations and agencies with a view to withholding U.S. funds in cases of abuses. International organizations should not be used to promote radical social pol- icies as if they were human rights priorities. Doing so undermines actual human rights and weakens U.S. credibility abroad. The next Administration should use its voice, influence, votes, and funding in international organizations to pro- mote authentic human rights and respect for sovereignty based on the binding

Section 2: The Common Defense

Moderate

Vector: 65%

Pages: 125-127AI Enhanced

AI Analysis:

"Both the bill and the Project 2025 policy aim to counter China's threat to Taiwan, but the bill uses financial exclusion tools while Project 2025 focuses on defense planning, denial capabilities, and military modernization, resulting in thematic overlap but different implementation approaches."

Key themes:China threatTaiwan securityUS strategic priorityCountering influenceDenial/pressure

— 93 — Department of Defense U.S. access to the world’s most important market. Preventing this from happening must be the top priority for American foreign and defense policy. Beijing presents a challenge to American interests across the domains of national power, but the military threat that it poses is especially acute and signif- icant. China is undertaking a historic military buildup that includes increasing capability for power projection not only in its own region, but also far beyond as well as a dramatic expansion of its nuclear forces that could result in a nuclear force that matches or exceeds America’s own nuclear arsenal. The most severe immediate threat that Beijing’s military poses, however, is to Taiwan and other U.S. allies along the first island chain in the Western Pacific. If China could subordinate Taiwan or allies like the Philippines, South Korea, and Japan, it could break apart any balancing coalition that is designed to prevent Bei- jing’s hegemony over Asia. Accordingly, the United States must ensure that China does not succeed. This requires a denial defense: the ability to make the subordi- nation of Taiwan or other U.S. allies in Asia prohibitively difficult. Critically, the United States must be able to do this at a level of cost and risk that Americans are willing to bear given the relative importance of Taiwan to China and to the U.S. The United States and its allies also face real threats from Russia, as evidenced by Vladimir Putin’s brutal war in Ukraine, as well as from Iran, North Korea, and transnational terrorism at a time when decades of ill-advised military operations in the Greater Middle East, the atrophy of our defense industrial base, the impact of sequestration, and effective disarmament by many U.S. allies have exacted a high toll on America’s military. This is a grim landscape. The United States needs to deal with these threats forthrightly and with strength, but it also needs to be realistic. It cannot wish away these problems. Rather, it must confront them with a clear-eyed recognition of the need for choice, discipline, and adequate resources for defense. In this light, U.S. defense strategy must identify China unequivocally as the top priority for U.S. defense planning while modernizing and expanding the U.S. nuclear arsenal and sustaining an efficient and effective counterterrorism enterprise. U.S. allies must also step up, with some joining the United States in taking on China in Asia while others take more of a lead in dealing with threats from Russia in Europe, Iran, the Middle East, and North Korea. The reality is that achieving these goals will require more spending on defense, both by the United States and by its allies, as well as active support for reindustrialization and more support for allies’ productive capacity so that we can scale our free- world efforts together. Needed Reforms l Prioritize a denial defense against China. U.S. defense planning should focus on China and, in particular, the effective denial defense of Taiwan. — 94 — Mandate for Leadership: The Conservative Promise This focus and priority for U.S. defense activities will deny China the first island chain. 1. Require that all U.S. defense efforts, from force planning to employment and posture, focus on ensuring the ability of American forces to prevail in the pacing scenario and deny China a fait accompli against Taiwan. 2. Prioritize the U.S. conventional force planning construct to defeat a Chinese invasion of Taiwan before allocating resources to other missions, such as simultaneously fighting another conflict. l Increase allied conventional defense burden-sharing. U.S. allies must take far greater responsibility for their conventional defense. U.S. allies must play their part not only in dealing with China, but also in dealing with threats from Russia, Iran, and North Korea. 1. Make burden-sharing a central part of U.S. defense strategy with the United States not just helping allies to step up, but strongly encouraging them to do so. 2. Support greater spending and collaboration by Taiwan and allies in the Asia–Pacific like Japan and Australia to create a collective defense model. 3. Transform NATO so that U.S. allies are capable of fielding the great majority of the conventional forces required to deter Russia while relying on the United States primarily for our nuclear deterrent, and select other capabilities while reducing the U.S. force posture in Europe. 4. Sustain support for Israel even as America empowers Gulf partners to take responsibility for their own coastal, air, and missile defenses both individually and working collectively. 5. Enable South Korea to take the lead in its conventional defense against North Korea. l Implement nuclear modernization and expansion. The United States manifestly needs to modernize, adapt, and expand its nuclear arsenal. Russia maintains and is actively brandishing a very large nuclear arsenal, but China is also undertaking a historic nuclear breakout.

Department of the Treasury

Moderate

Vector: 64%

Pages: 736-738AI Enhanced

AI Analysis:

"Both the bill and the Project 2025 Treasury section aim to counter China's geopolitical and economic influence using Treasury-led mechanisms, though the bill targets exclusion from international financial organizations while Project 2025 focuses on reforming CFIUS oversight of foreign investment."

Key themes:China threatTreasury authorityFinancial sector oversightNational securityLimiting Chinese influence

— 703 — Department of the Treasury l The U.S. should also examine increasing or decreasing its ownership levels in these institutions in order to achieve maximum leverage. CHINA AND OTHER GEOPOLITICAL THREATS Committee on Foreign Investment in the United States. The interagency Committee on Foreign Investment in the United States should realign its priorities to meet the United States’ current foreign policy threats, especially from China. On October 20, 2022, the Treasury Department, which chairs CFIUS, adopted the first-ever CFIUS Enforcement and Penalty Guidelines50 on the committee’s national security risk mitigation requirements. However, there are no clear rules that guide CFIUS on mitigation monitoring, nor is there a published penalty sched- ule to standardize accountability when CFIUS pursues a civil money penalty for violators. In addition, Treasury—as chair of the committee—runs an opaque pro- cess that biases committee procedure toward corporate interests and away from national security interests. Finally, the committee’s jurisdiction does not extend over greenfield investments that Chinese state-owned enterprises have historically pursued in the United States, which leaves America vulnerable to an instrument of Chinese economic statecraft. Given these issues, the next steps for CFIUS should be to develop a more coherent—and transparent—mitigation monitoring program to complement the enforcement guidelines, give CFIUS agencies in charge of national security con- cerns an equal voice at the table, and petition Congress to amend the law to cover Chinese greenfield investments. CFIUS should publish a penalty schedule for violations of CFIUS reporting and mitigation requirements. Publishing a penalty schedule for CFIUS violations will reduce the discretion of the committee to waive penalties or impose mere “wrist slap” costs on violators of the law. Additionally, a standardized penalty schedule would likely increase the deterrence of CFIUS enforcement by reducing the per- ception among parties to covered transactions that they can avoid enforcement by the committee or secure special exceptions based on appeals to the commit- tee’s discretion. As a legal matter—and in application by CFIUS—mitigation monitoring has developed as the Wild West. There are no clear rules that guide the entire com- mittee on mitigation monitoring, nor is there the same level of oversight or accountability within and among the agencies as applies when CFIUS reviews a transaction or when it pursues a civil money penalty. Indeed, it is a credit to transaction parties and the professionalism of the governmental officials and con- tractors who conduct mitigation monitoring on behalf of the government that, by and large, mitigation monitoring has worked adequately during the last several decades. But dependency on the personality and capabilities of individuals creates unnecessary risk both for CFIUS and for transaction parties.

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About These Correlations

Policy matches are calculated using a hybrid approach: initial candidates are found using semantic similarity between bill summaries and Project 2025 policy text, then an AI model (Llama 3.1 70B) provides detailed alignment ratings and analysis. Ratings range from 1 (minimal alignment) to 5 (very strong alignment). This analysis does not imply direct causation or intent.

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