[Congressional Record Volume 171, Number 133 (Friday, August 1, 2025)]
[Senate]
[Page S5383]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3616. Mr. RISCH submitted an amendment intended to be proposed by 
him to the bill S. 2296, to authorize appropriations for fiscal year 
2026 for military activities of the Department of Defense, for military 
construction, and for defense activities of the Department of Energy, 
to prescribe military personnel strengths for such fiscal year, and for 
other purposes; which was ordered to lie on the table; as follows:

       At the end of title XII, add the following:

            Subtitle F--Deterring Aggression Against Taiwan

     SEC. 1271. SHORT TITLE.

       This subtitle may be cited as the ``Deter PRC Aggression 
     Against Taiwan Act''.

     SEC. 1272. SENSE OF CONGRESS.

       It is the sense of Congress that the United States must be 
     prepared to take immediate action to impose sanctions with 
     respect to any military or non-military entities owned, 
     controlled, or acting at the direction of the Government of 
     the PRC or the Chinese Communist Party that are supporting 
     actions by the Government of the PRC or by the Chinese 
     Communist Party--
       (1) to overthrow or dismantle the governing institutions in 
     Taiwan;
       (2) to occupy any territory controlled or administered by 
     Taiwan;
       (3) to violate the territorial integrity of Taiwan; or
       (4) to take significant action against Taiwan, including--
       (A) conducting a naval blockade of Taiwan;
       (B) seizing any outlying island of Taiwan; or
       (C) perpetrating a significant physical or cyber attack on 
     Taiwan that erodes the ability of the governing institutions 
     in Taiwan to operate or provide essential services to the 
     citizens of Taiwan.

     SEC. 1273. DEFINITIONS.

       In this subtitle:
       (1) Appropriate congressional committees.--The term 
     ``appropriate congressional committees'' means--
       (A) the Committee on Foreign Relations of the Senate;
       (B) the Committee on Banking, Housing, and Urban Affairs of 
     the Senate;
       (C) the Committee on Commerce, Science, and Transportation 
     of the Senate;
       (D) the Committee on Foreign Affairs of the House of 
     Representatives;
       (E) the Committee on Financial Services of the House of 
     Representatives; and
       (F) the Committee on Energy and Commerce of the House of 
     Representatives.
       (2) PRC.--The term ``PRC'' means the People's Republic of 
     China.
       (3) PRC sanctions task force; task force.--The terms ``PRC 
     Sanctions Task Force'' and ``Task Force'' mean the task force 
     established pursuant to section 1274.

     SEC. 1274. TASK FORCE.

       (a) Establishment.--Not later than 180 days after the date 
     of the enactment of this Act, the Coordinator for Sanctions 
     of the Department of State and the Director of the Office of 
     Foreign Assets Control of the Department of the Treasury, in 
     coordination with the Director of National Intelligence and 
     the heads of other Federal agencies, as appropriate, shall 
     establish an interagency task force to identify military or 
     non-military entities that could be subject to sanctions or 
     other economic actions imposed by the United States 
     immediately following any action taken by the PRC that 
     demonstrates an attempt to achieve, or has the significant 
     effect of achieving, the physical or political control of 
     Taiwan, including by taking any of the actions described in 
     paragraphs (1) through (4) of section 1272.
       (b) Strategy.--Not later than 180 days after the 
     establishment of the PRC Sanctions Task Force, the Task Force 
     shall submit a strategy to the appropriate congressional 
     committees for identifying proposed targets for sanctions or 
     other economic actions referred to in subsection (a), which 
     shall--
       (1) assess how existing sanctions programs could be used to 
     impose sanctions with respect to entities identified by the 
     Task Force;
       (2) develop or propose, as appropriate, new sanctions 
     authorities that might be required to impose sanctions with 
     respect to such entities;
       (3) analyze the potential economic consequences to the 
     United States, and to allies and partners of the United 
     States, of imposing various types of such sanctions with 
     respect to such entities;
       (4) assess measures that could be taken to mitigate the 
     consequences referred to in paragraph (3), including through 
     the use of licenses, exemptions, carve-outs, and other 
     approaches;
       (5) include coordination with allies and partners of the 
     United States--
       (A) to leverage sanctions and other economic tools 
     including actions targeting the PRC's financial and 
     industrial sectors to deter or respond to aggression against 
     Taiwan;
       (B) to identify and resolve potential impediments to 
     coordinating sanctions-related efforts or other economic 
     actions with respect to responding to or deterring aggression 
     against Taiwan; and
       (C) to identify industries, sectors, or goods and services 
     where the United States and allies and partners of the United 
     States can take coordinated action through sanctions or other 
     economic tools that will have a significant negative impact 
     on the economy of the PRC; and
       (D) to coordinate actions with partners and allies to 
     provide economic support to Taiwan and other countries being 
     threatened by the PRC, including measures to counter economic 
     coercion by the PRC;
       (6) assess the resource gaps and needs at the Department of 
     State, the Department of the Treasury, the Department of 
     Commerce, the United States Trade Representative, and other 
     Federal agencies, as appropriate, to most effectively use 
     sanctions and other economic tools to respond to the threats 
     posed by the PRC;
       (7) recommend how best to target sanctions and other 
     economic tools against individuals, entities, and economic 
     sectors in the PRC, which shall take into account--
       (A) the role of such targets in supporting policies and 
     activities of the Government of the PRC, or of the Chinese 
     Communist Party, that pose a threat to the national security 
     or foreign policy interests of the United States;
       (B) the negative economic implications of such sanctions 
     and tools for the Government of the PRC, including its 
     ability to achieve its objectives with respect to Taiwan; and
       (C) the potential impact of such sanctions and tools on the 
     stability of the global financial system, including with 
     respect to--
       (i) state-owned enterprises;
       (ii) officials of the Government of the PRC and of the 
     Chinese Communist Party;
       (iii) financial institutions associated with the Government 
     of the PRC; and
       (iv) companies in the PRC that are not formally designated 
     by the Government of the PRC as state-owned enterprises; and
       (8) identify any foreign military or non-military entities 
     that would likely be used to achieve the outcomes specified 
     in section 1272, including entities in the shipping, 
     logistics, energy (including oil and gas), maritime, 
     aviation, ground transportation, and technology sectors.

     SEC. 1275. REPORT.

       Not later than 60 days after the submission of the strategy 
     required under section 1274(b), and semiannually thereafter, 
     the PRC Sanctions Task Force shall submit a classified report 
     to the appropriate congressional committees that includes 
     information regarding--
       (1) any entities identified pursuant to section 1274(b)(8);
       (2) any new authorities required to impose sanctions with 
     respect to such entities;
       (3) potential economic impacts on the PRC, the United 
     States, and allies and partners of the United States 
     resulting from the imposition of sanctions with respect to 
     such entities;
       (4) mitigation measures that could be employed to limit any 
     deleterious economic impacts on the United States and allies 
     and partners of the United States of such sanctions;
       (5) the status of coordination with allies and partners of 
     the United States regarding sanctions and other economic 
     tools identified under this subtitle;
       (6) resource gaps and recommendations to enable the 
     Department of State and the Department of the Treasury to use 
     sanctions to more effectively respond to the malign 
     activities of the Government of the PRC; and
       (7) any additional resources that may be necessary to carry 
     out the strategies and recommendations included in the report 
     submitted pursuant to section 1274(b).
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