Sets a conditional U.S. policy to push for excluding representatives of the People’s Republic of China from certain international banking and financial organizations if the President formally warns Congress (under the Taiwan Relations Act) that PRC actions threaten Taiwan or U.S. interests. It directs the Treasury Secretary, the Federal Reserve Board, and the SEC to take steps to carry out this policy.

The President may waive the exclusion for a specific organization by reporting to two congressional committees that a waiver serves the national interest. The law sunsets on the earlier of five years after enactment or 30 days after a presidential notice that ending it is in the national interest.