Mid City Times

Today, Congressman Roger Williams from Texas and Congressman Josh Gottheimer from New Jersey introduced the China Financial Threat Mitigation Act of 2025. The bipartisan bill aims to assess potential risks, evaluate current U.S. government policies, and recommend actions to mitigate financial stability threats related to China.

Congressman Williams stated, "As the threat of the Chinese Communist Party’s interference and aggression continues to rise, our financial systems must be prepared to proactively stop any wrongdoing by the CCP." He emphasized that the bill focuses on mitigating threats associated with China's shadow banking sector by enabling U.S. officials to collaborate with allies to safeguard global financial stability and hold China accountable for financial abuses and manipulation.

Congressman Gottheimer expressed concerns about technology-related threats, saying, "The Chinese Communist Party has made it abundantly clear that it is willing to leverage technology to monitor and steal Americans’ sensitive data. We must do more to fend off CCP-driven economic espionage and protect American innovation." He highlighted the importance of maintaining America's economic leadership abroad.

The bill mandates a study by the Secretary of the Treasury on the exposure of the U.S. financial sector to risks from China's financial sector. Concerns about China's economic data include issues of transparency, manipulation, and inconsistencies. Reliable data is crucial for informed decision-making regarding U.S. financial exposure.

Congressman Williams serves as Chairman of the House Small Business Committee and is a member of the House Financial Services Committee. He represents Texas's 25th Congressional District.