Lucas Bill to Hold China Accountable Passes

Washington, DC – Today, Congressman Frank Lucas’s (OK-03) Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act, or the PROTECT Taiwan Act, passed on the House floor.

Currently, 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, H.R. 803 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.

“Even in today’s partisan gridlock, one thing we can all agree on is that the Chinese Communist Party poses the greatest economic, political, and national security threat to the United States. While the world watched Russia’s rogue invasion on Ukraine in horror, it is our responsibility to ensure China does not attempt to emulate such blatant aggression on Taiwan,” said Congressman Lucas. “That’s why Congress must take the necessary steps to ensure Beijing would be subject to significant financial and economic consequences should it threaten our allies in Taiwan. The PROTECT Taiwan Act will do exactly that.”

Congressman Lucas spoke on the House floor on Wednesday in support of the PROTECT Taiwan Act, which you can watch by clicking here or on the image below.

BACKGROUND:

  • Last month, at a summit in San Francisco, Chinese president Xi Jinping told President Biden that Beijing will reunify Taiwan with mainland China.
  • 90% of advanced semiconductor chips are made at the Taiwan Semiconductor Manufacturing Campus (TSMC).
  • Beijing views the TSMC not only as a threat to its technological capability with the West, but also to its sovereignty. 
  • The PROTECT Taiwan Act passed on the House floor today.
  • Congressman Lucas previously introduced the PROTECT Taiwan Act last year. It is cosponsored by Reps. Vicente Gonzales (TX-34), Byron Donalds (FL-19), and Mike Lawler (NY-17).

###

Recent Posts


Jul 23, 2024
Press

Lucas Votes to Authorize Millions in Funds to Local Community Projects

Washington, DC – Congressman Frank Lucas (OK-03) released the following statement after the U.S. House of Representatives passed the Water Resources Development Act of 2024, which authorized millions of dollars for community projects in Woodward and Stillwater. Lucas voted in favor of the legislation.   “At a time when our political system appears to be in a constant […]



Jul 18, 2024
Press

Congressman Lucas Welcomes New Field Representative to District Staff

Yukon, OK – Congressman Frank Lucas (OK-03) today announced an addition to his District Office staff following the hiring of Nathan Dethloff as a Field Representative. Originally from Lone Grove, Oklahoma, Nathan graduated in May of 2022 from Oklahoma State University. Most recently, in May of 2024, he earned a Master of Science in Agricultural […]



Jul 10, 2024
Economy

Lucas and Chair Powell Agree: Bank Regulators Should Re-propose Basel

Washington, DC – Today, Congressman Lucas and Federal Reserve Chair Jerome Powell discussed the need for a re-proposal of Basel Endgame and plans to address inflation. On a Basel Re-proposal: Lucas: “You have reiterated how Members of the Board would like to see a revised Basel proposal put out for public comment, but you’re working […]