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The STAND with Taiwan Act of 2024 would require the U.S. government to impose comprehensive economic and financial sanctions on China if the People's Liberation Army initiates a military invasion of Taiwan. The sanctions would target Chinese government officials, financial institutions, and entities affiliated with the Chinese Communist Party, and would include prohibitions on Chinese securities trading on U.S. exchanges, restrictions on U.S. investment in Chinese economic sectors, and suspension of normal trade relations. The bill frames these measures as a deterrent against military aggression and aims to coordinate with U.S. allies on similar actions.
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