REP. WILLIAMS ISSUES STATEMENT ON HOUSE PASSAGE OF THE CHINA FINANCIAL THREAT MITIGATION ACT

WASHINGTON, D.C. - Congressman Roger Williams (TX-25) issued the following statement on Monday following the House passage of H.R. 1156, the China Financial Threat Mitigation Act by a vote of 400 to 5:

“I am proud to announce the passage of the China Financial Threat Mitigation Act by the House of Representatives. As the threat of the Chinese Communist Party’s interference and aggression continues to rise, our financial systems must be prepared to proactively mitigate any wrongdoing by the CCP,” said Congressman Roger Williams. “If enacted, my bill with Rep. Spanberger, would ensure no systemic threats are associated with China’s shadow banking sector and help mitigate risks effectively while allowing U.S. officials to work with allies to safeguard global financial stability. Our priority should always be to protect our Western values, and this bill is a step in holding the CCP accountable for financial abuses and promotes the interests of the United States. I thank my colleagues in the House for supporting this important legislation and urge the Senate to promptly send to the President’s desk.” 

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Congressman Roger Williams is the Chairman of the House Small Business Committee and member of the House Financial Services Committee. He proudly represents the 25th Congressional District of Texas.