Fortifying United States Markets Against PRC Military Escalation Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3447 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 3447 To 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. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 11, 2025 Mr. McCormick (for himself and Mrs. Shaheen) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Fortifying United States Markets Against PRC Military Escalation Act of 2025''. SEC. 2. ADVISORY COMMITTEE ON ECONOMIC IMPACTS OF MILITARY ESCALATION BY THE PEOPLE'S REPUBLIC OF CHINA TOWARD TAIWAN. Section 111 of the Financial Stability Act of 2010 (12 U.S.C. 5321) is amended by adding at the end the following: ``(k) Advisory Committee.-- ``(1) Establishment.--There is established, to advise the Financial Stability Oversight Council, an Advisory Committee on Economic Impacts of Military Escalation by the People's Republic of China toward Taiwan (in this subsection referred to as the `Advisory Committee') to-- ``(A) study and report on the market implications and vulnerabilities related to military escalation by the People's Republic of China toward Taiwan; and ``(B) open lines of communication between policy makers, government agencies, and capital market constituents to prepare for a potential res