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Fortifying United States Markets Against PRC Military Escalation Act of 2025

USA119th CongressS-3447| Senate 
| Updated: 12/11/2025
David McCormick

David McCormick

Republican Senator

Pennsylvania

Cosponsors (1)
Jeanne Shaheen (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill amends 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 . This committee will advise the Financial Stability Oversight Council (FSOC) by studying and reporting on the market implications and vulnerabilities related to such geopolitical events. Its core purpose is to open lines of communication between policymakers, government agencies, and capital market constituents to prepare for a potential response and mitigate economic strain and market volatility. The committee will include designees from the Securities and Exchange Commission, Commodity Futures Trading Commission, and the Federal Reserve, alongside ten appointed members from capital markets and geopolitical risk experts, chaired by the Secretary of the Treasury. Every three years, the committee must conduct a comprehensive study assessing the vulnerabilities of the U.S. economy and financial system to military escalation, including estimated costs and market impacts. Following these studies, it will develop and submit recommendations to the FSOC, brief Congress, and hold public meetings to present its findings and analysis.
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Timeline
Dec 11, 2025
Introduced in Senate
Dec 11, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • December 11, 2025
    Introduced in Senate


  • December 11, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Fortifying United States Markets Against PRC Military Escalation Act of 2025

USA119th CongressS-3447| Senate 
| Updated: 12/11/2025
This bill amends 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 . This committee will advise the Financial Stability Oversight Council (FSOC) by studying and reporting on the market implications and vulnerabilities related to such geopolitical events. Its core purpose is to open lines of communication between policymakers, government agencies, and capital market constituents to prepare for a potential response and mitigate economic strain and market volatility. The committee will include designees from the Securities and Exchange Commission, Commodity Futures Trading Commission, and the Federal Reserve, alongside ten appointed members from capital markets and geopolitical risk experts, chaired by the Secretary of the Treasury. Every three years, the committee must conduct a comprehensive study assessing the vulnerabilities of the U.S. economy and financial system to military escalation, including estimated costs and market impacts. Following these studies, it will develop and submit recommendations to the FSOC, brief Congress, and hold public meetings to present its findings and analysis.
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Timeline
Dec 11, 2025
Introduced in Senate
Dec 11, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • December 11, 2025
    Introduced in Senate


  • December 11, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
David McCormick

David McCormick

Republican Senator

Pennsylvania

Cosponsors (1)
Jeanne Shaheen (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted