This bill establishes an interagency task force within the State Department and Treasury Department to develop economic sanctions strategies that could be rapidly deployed if China attempts military or political aggression against Taiwan. The task force, which must be created within 180 days, will identify Chinese military and non-military entities to target with sanctions, assess the economic impact on the United States and its allies, and recommend new authorities Congress might need to enact to impose such sanctions. Within 360 days of establishment, the task force must brief Congress on its findings and strategy, followed by annual classified reports on coordination efforts with allied nations and resource needs. The bill emphasizes that it does not change U.S. policy toward China or Taiwan and that any sanctions recommended would require separate congressional authorization to take effect. The legislation aims to prepare economic deterrents in advance rather than develop them reactively during a crisis.
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