The legislation mandates the Secretary of the Treasury to conduct a study on the United States’ exposure to the financial sector of the People’s Republic of China.
The study must be completed and a report prepared within one year of the legislation’s enactment.
The report should include:
An assessment of the impact of reforms in China’s financial sector on the U.S. and global financial systems.
A description of U.S. government policies aimed at protecting U.S. interests during these reforms.
An analysis of risks to U.S. financial stability and the global economy arising from China.
Recommendations for actions to enhance international cooperation in monitoring and mitigating these risks.
The Secretary of the Treasury is required to transmit the report to specific Senate and House committees and relevant international representatives.
The report must be unclassified but may include a classified annex.
The report is to be published on the Department of the Treasury’s website, excluding any classified information.
