“On April 6, to stop Communist China from invading Taiwan, U.S. Representative Frank Lucas introduced the Ostracize China Act. The bill calls for the U.S. government to take actions to kick Communist China out of the international financial system once Communist China poses a threat to Taiwan’s social and economic systems.
Lucas said that Communist China poses a great threat to the national security, politics, and economy of the United States. According to the bill, once Communist China attacks Taiwan, Chinese officials will be denied participation in the G20, the Bank for International Settlements (BIS), the International Financial Stability Board (Financial Stability Board), the International Association of Insurance Supervisors (IAIS), the International Organization of Securities Commissions (IOSCO), and other International financial organizations’ meetings and activities.”
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