I thank very much Chair Kim for yielding. Mr. Speaker, what a marvelous signal it sends to the world and to the United States to have Young Kim as our chair on the Foreign Affairs Subcommittee of the Indo-Pacific. She is a young woman born in South Korea, a proud American citizen, a proud American mom, and now Member of Congress and spectacular chair. Mr. Speaker, to my other friend from California, Mr. Sherman, I think he has made some outstanding arguments on behalf of our bill, and I thank him for being an original cosponsor of H.R. 554, the Taiwan Conflict Deterrence Act. I modeled this bill on the Holding Iranian Leaders Accountable Act included in our national security package, which the House passed and President Biden signed into law this spring. The idea is very straightforward: If we want to see the world's Communists and autocratic dictatorships change course, we must expose their wealth, corruption, and financial privilege of their elites to the citizens suffering daily under their rule. This approach certainly applies to China's Communist Party, as well. The CCP leaders sit atop an authoritarian state littered with cronyism, kickbacks, graft, bribery, and a colossal misuse of public funds. If China chooses to attack the free people of Taiwan, H.R. 554 requires the Treasury Secretary to publish the illicit assets of Beijing's senior-most leaders, including the names of financial institutions that maintain the accounts. As Mr.…
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