Sponsors (2)
The bill boosts market‑focused preparedness and cross‑agency coordination on risks from a potential PRC–Taiwan escalation, at the cost of modest taxpayer expense and risks of industry bias and reduced public disclosure of sensitive details.
Financial institutions, investors, and taxpayers receive clearer, actionable analysis and recommendations about market vulnerabilities from a potential PRC–Taiwan military escalation within three years, improving preparedness and risk management.
Taxpayers, middle‑class families, and state governments gain more transparent, regular public briefings and meetings about economic risks to markets, while inclusion of SEC, CFTC, and Federal Reserve designees plus private‑sector participants improves cross‑agency coordination and leverages industry expertise for actionable mitigation steps.
Middle‑class families and taxpayers risk that private‑sector representation on the committee will bias recommendations toward industry continuity and profitability rather than broader public‑interest tradeoffs.
Taxpayers and the general public may receive reports with redactions that omit critical national‑security details, limiting the usefulness and transparency of the committee's findings for non‑classified policy debate.
Taxpayers may incur administrative and recurring costs to operate the advisory committee and produce studies every three years.
Based on analysis of 2 sections of legislative text.
Establishes an FSOC advisory committee to study and report on market risks from a PRC military escalation toward Taiwan, with initial and triennial reports.
Creates an advisory committee to study and advise on how a People’s Republic of China (PRC) military escalation toward Taiwan could affect U.S. financial markets and systemic stability. The Secretary of the Treasury chairs the committee, which includes federal regulators, private-sector members, and agency designees; it must meet at least twice a year and deliver a public study with recommendations within three years and every three years after that.
Official title: Amend the Financial Stability Act of 2010 to establish an advisory committee on economic impacts of military escalation by the People's Republic of China toward Taiwan, and for other purposes.
Introduced December 11, 2025 by David Harold McCormick · Last progress December 11, 2025