Summary

Directs the United States to try to keep representatives of the People’s Republic of China (PRC) out of six major international financial and economic organizations if the President notifies Congress that the PRC poses a threat to Taiwan’s security or social/economic system and U.S. interests. The Secretary of the Treasury, the Federal Reserve Board, and the Securities and Exchange Commission must take "all necessary steps" to advance that exclusion policy, but the President may issue a national-interest waiver with a report to congressional committees. The policy and its requirements automatically expire either five years after enactment or 30 days after the President notifies Congress that termination is in the national interest.

• Triggers when the President declares PRC actions threaten Taiwan and U.S. interests under the Taiwan Relations Act.
• Directs the U.S. to seek to exclude PRC representatives from six major international financial and economic organizations.
• Requires Treasury, the Federal Reserve Board, and the SEC to "take all necessary steps" to advance the exclusion policy.
• Allows the President to waive exclusion for a specific organization with a written certification to two congressional committees explaining why the waiver is in the national interest.
• The policy and agency requirements expire either five years after enactment or 30 days after a presidential termination notice.
• Does not appropriate funds or create new federal programs; implementation relies on executive branch diplomatic and regulatory actions.
• Could affect international financial cooperation, information-sharing, and U.S.-PRC diplomatic and economic relations.