H.R. 803, known as the “PROTECT Taiwan Act,” aims to prevent representatives from the People's Republic of China from participating in certain international banking organizations if the President identifies a Chinese threat to Taiwan's security or U.S. interests. The bill...
Simple Explanation
H.R. 803, called the "PROTECT Taiwan Act," is about making some rules so that people from China can't join special money groups if the U.S. President thinks China might be threatening Taiwan. The President can change this rule if they tell Congress why it's important for the country.