Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise in support of H.R. 554, the Taiwan Conflict Deterrence Act, authored by the gentleman from Arkansas (Mr. Hill). The Financial Services Committee has repeatedly pressed administration officials to devise a plan that imposes real costs on the Chinese Communist Party in the event it invades Taiwan. The time to formulate those measures is now. We must publicly communicate what we intend to do so that Beijing thinks twice before launching an attack against our friends on the island. This is why Mr. Hill's legislation is so important. If Beijing chooses to invade Taiwan, this bill requires the Treasury Secretary to publish the ill-gotten gains of the Chinese Communist Party's top leadership no matter where they may be held around the world. It would also require Treasury to expose the financial institutions that maintain accounts for those officials while prohibiting U.S. banks from letting their immediate families benefit from any of the funds. Too often, Washington chooses to be reactive when it comes to our adversaries, scrambling to develop sanctions and other measures after the fact. Russia's invasion of Ukraine is a case in point. Mr. Hill's legislation is proactive. It signals what is at stake to the Chinese Communist Party before Beijing goes too far. I also point out that this legislation underscores an important point that Republicans and Democrats alike have made.…”