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This bill requires the Department of the Treasury, in consultation with specified federal financial agencies, to report on the exposure of the United States to the activity of China's financial sector. The report must include the effects that risks in China's financial sector have on U.S. and global financial systems, a description of the policies the United States is adopting to protect U.S. financial stability, a description and evaluation of the reliability of Chinese economic data, and recommendations for additional actions to strengthen international cooperation to mitigate risks and protect U.S. interests.
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