STAND with Taiwan Act of 2023

• Authority: United States Congress
• Parent authority: Federal government
• Jurisdiction: United States
• Collections: U.S. federal laws
• Most recent activity: Defunct
• Most recent activity date: 2025-01-03

Risk subdomain coverage

All other risk subdomains had no coverage in this document.

Risk Coverage Summary

This document is a sanctions bill focused on geopolitical conflict and does not address AI-specific risks. It has no coverage of AI risk domains as defined in the MIT taxonomy. The document governs economic sanctions in response to military aggression, not AI development, deployment, or governance.

Sector coverage

Good coverage — Comprehensive governance measures or mitigations with clear procedures relating to the sector are explicitly described.

• Finance & Insurance
• National Security

Minimal coverage — Brief mention but no specific mitigations, recommendations or governance measures relating to the sector are described.

• Agriculture, Mining, Construction & Manufacturing
• Trade, Transportation & Utilities
• Information
• Scientific Research & Development Services
• Health Care & Social Assistance

All other sectors had no coverage in this document.

Sectors Summary

This document primarily governs the Finance and Insurance sector through sanctions on Chinese financial institutions and restrictions on U.S. financial institutions. It also has significant coverage of Information sector (telecommunications), and minimal coverage of multiple other sectors through investment prohibitions targeting China's industrial development plans.

Legislative Status

Hard Law

Legislative Status Summary

This is a binding legislative act introduced in the U.S. Senate with mandatory enforcement mechanisms including sanctions, penalties, and prohibitions that would have legal force upon enactment.

Actors

Proposer

• Entity Types: AI_Governance_Actor
• Summary: The bill was introduced in the U.S. Senate by Senator Sullivan and referred to the Committee on Banking, Housing, and Urban Affairs.

Target

• Summary: The bill targets Chinese government officials, military leaders, financial institutions, and entities affiliated with the PRC government or CCP. It also regulates U.S. financial institutions and exchanges by prohibiting certain transactions and listings involving Chinese entities.

Enforcer

• Entity Types: AI_Governance_Actor
• Summary: The bill designates the President, Secretary of the Treasury, and SEC as enforcement authorities with specific powers to impose sanctions, block property, prohibit transactions, and enforce penalties.

Monitor

• Entity Types: AI_Governance_Actor
• Summary: The President is required to submit lists of sanctioned individuals and waiver notifications to congressional committees, which serve as monitoring bodies for implementation and compliance.

AI Lifecycle Stages

Lifecycle stages covered by the documents, as defined in the OECD Framework for the Classification of AI Systems

No lifecycle stages identified.

AI Lifecycle Summary

This document does not address AI lifecycle stages. It is a geopolitical sanctions bill focused on economic and financial measures in response to potential military aggression against Taiwan. There is no coverage of AI development, deployment, or governance.

Technical Scope

Terms relating to technical scope that are mentioned or implicitly referenced in the document

No technical scope terms identified.

Technical Scope Summary

The document makes a single reference to artificial intelligence as one of many industrial sectors in China's economic development plans. This is not coverage of AI systems or models in a governance context, but merely listing AI as an economic sector subject to investment prohibitions.