S4065119th CongressWALLET

STAND with Taiwan Act of 2026

Sponsored By: Senator Dan Sullivan

Introduced

Summary

This bill creates a rapid, multi‑sector sanctions regime to deter the PRC/Chinese Communist Party from using force or coercion against Taiwan. It authorizes blocking powers, visa bans, export controls, investment bans, and steep tariff hikes to respond to specified hostile acts.

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  • U.S. businesses, investors, and consumers: The bill bans U.S. purchases of PRC sovereign debt, bars certain U.S. investments in priority tech and industrial sectors, can block PRC‑connected issuers from U.S. exchanges, restricts correspondent banking and international financial messaging, and allows tariff increases up to 500 percent that could raise import costs.
  • PRC leaders and state‑linked entities: A long list of top CCP and PRC officials, state‑owned banks, and affiliated entities may be blocked, have assets frozen, and face visa and transaction prohibitions.
  • Foreign facilitators, third countries, and oversight: Foreign persons who materially support PRC military‑industrial capacity or facilitate transfers risk sanctions and tariff penalties. The President may grant short national security waivers of up to 90 days with congressional notification. The bill also includes narrow exemptions for democracy promotion, authorized intelligence activities, and certain U.N. obligations.

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Bill Overview

Analyzed Economic Effects

6 provisions identified: 0 benefits, 5 costs, 1 mixed.

Blocking and penalties for PRC actors

This bill would let the U.S. name many PRC and CCP officials, agents, and foreign enablers for sanctions. Within three days of a covered finding, the President would be required to block property, bar transactions, and make sanctioned noncitizens inadmissible and lose visas. The Treasury would have to block state-controlled Chinese firms and restrict Chinese banks' U.S. correspondent accounts. Violations of the rules would carry civil and criminal penalties under emergency economic authorities.

Ban on U.S. energy exports to China

From three days after a covered finding, the Commerce Secretary would be required to ban exports of U.S.-produced energy products to China under export control law. U.S. persons would also be barred from investing in China's energy sector. The President would be required to sanction foreign persons who knowingly help produce energy for sanctioned parties.

Bans on U.S. investments in China

From three days after a covered finding, U.S. financial firms would be prohibited from investing in entities owned or controlled by the PRC government, the Chinese Communist Party, or the People's Liberation Army. The SEC would have to stop trading of securities that are listed with China's regulator on U.S. exchanges. U.S. persons would also be barred from buying PRC sovereign debt.

Limits on China bank transfers

Within three days after a covered finding, banks, brokers, and dealers would be barred from processing transfers to or from China or for the benefit of Chinese officials, except narrow licensed transfers that do not debit or credit a Chinese account. The President would also have to sanction global financial messaging providers that keep servicing sanctioned banks and target their leaders. These rules would sharply limit common payment rails for trade, remittances, and cross‑border banking unless a specific license applies.

Big tariff increases on China imports

This bill would require the President to raise duties on all goods from China up to 500% within 15 days of a covered finding. The President would also have to raise duties up to 500% every 90 days on goods from countries that knowingly trade certain energy or strategic items with China or materially support China's military industries. These tariff increases would be added on top of any existing antidumping or countervailing duties.

When sanctions would start or stop

This bill would define the acts that trigger emergency sanctions, like invading Taiwan, blockades, seizing islands, or major attacks on infrastructure. The President would have to decide within 15 days and then at least every 30 days whether the PRC or its proxies are engaging in those acts. The President could pause sanctions for national security reasons in 90-day waivers but must tell Congress. The President could end sanctions only after certifying the hostile acts stopped, and must immediately reimpose them if the actors act again.

Sponsors & CoSponsors

Sponsor

Dan Sullivan

AK • R

Cosponsors

  • Lindsey Graham

    SC • R

    Sponsored 3/11/2026

  • Tammy Duckworth

    IL • D

    Sponsored 3/11/2026

  • John Kennedy

    LA • R

    Sponsored 3/11/2026

  • Ted Budd

    NC • R

    Sponsored 3/11/2026

  • Pete Ricketts

    NE • R

    Sponsored 3/11/2026

  • David McCormick

    PA • R

    Sponsored 3/11/2026

  • John Cornyn

    TX • R

    Sponsored 3/11/2026

Roll Call Votes

No roll call votes available for this bill.

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