H.R. 1531, titled the “Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act” or the “PROTECT Taiwan Act,” directs certain financial regulators in the United States to exclude representatives from the People's Republic of China from participating in various international...
Simple Explanation
The "PROTECT Taiwan Act" is about telling some U.S. money bosses to stop letting people from China join their big money groups if China threatens Taiwan. The President can say, "No, let them stay," if it's important for the country.