Sponsors (2)
Establishes a cross‑agency, public-facing advisory committee to improve market preparedness for a PRC–Taiwan escalation—boosting analysis, coordination, and some transparency—but it imposes recurring taxpayer costs and risks industry bias and redactions that can limit public usefulness.
Financial institutions, investors, and taxpayers receive clearer, regularly updated analysis and recommendations about market vulnerabilities from a potential PRC–Taiwan military escalation (every 3 years), improving preparedness and enabling more informed risk management.
Taxpayers and the general public get regular public briefings and at least one public meeting (with necessary redactions), increasing transparency about economic risks to markets and government planning.
Financial regulators (SEC, CFTC, Federal Reserve designees), state governments, and market participants gain improved cross-agency coordination and industry expertise in the advisory committee, producing more actionable mitigation steps for market disruptions.
Taxpayers will likely bear administrative costs to operate the advisory committee and to produce recurring studies and reports every three years.
Private-sector representation on the committee could bias recommendations toward industry and market-continuity priorities, potentially sidelining broader public-policy tradeoffs that affect middle-class families and taxpayers.
Public reports may be redacted or omit sensitive national-security details, limiting the usefulness of findings for the general public and some policymakers.
Based on analysis of 2 sections of legislative text.
Creates an FSOC advisory committee to study and report every three years on market risks from PRC military escalation toward Taiwan, with regulators and private-sector members.
Creates an advisory committee inside the Financial Stability Oversight Council (FSOC) to study how a People’s Republic of China (PRC) military escalation toward Taiwan could affect U.S. financial markets. The committee will include representatives from the Treasury (chair), the Federal Reserve, the SEC, the CFTC, and ten private-sector appointees; it must meet at least twice a year, produce a public study with recommendations within three years and every three years after, and brief Congress and the Secretary of State.
Introduced December 11, 2025 by David Harold McCormick · Last progress December 11, 2025