China Financial Threat Mitigation Act of 2024

The China Financial Threat Mitigation Act of 2024 (S 5347) mandates a one-year study by the Treasury Secretary, with input from key financial regulators, to assess U.S. financial exposure to China's financial sector. The study must evaluate how China's financial reforms impact U.S. and global financial systems, analyze associated risks to U.S. financial stability, and recommend actions for U.S. government protection. It requires a detailed report to Congress, relevant committees, and international bodies within one year of enactment, with a public version published online. The bill does not create new regulations or funding but focuses solely on gathering analysis to inform future policy decisions. This procedural measure directly affects U.S. financial oversight agencies and international financial cooperation efforts.