Fortifying United States Markets Against PRC Military Escalation Act of 2025

New advisory panel on China-Taiwan risks

This bill would create an advisory committee to advise the Financial Stability Oversight Council on market risks from possible PRC military escalation toward Taiwan. The Treasury Secretary would chair the committee. It would include designees from the SEC, CFTC, and the Federal Reserve and ten private market experts. One private member would be the private sector lead. The committee would meet in person at least twice a year. Within 3 years after enactment and every 3 years after that, it would study U.S. economic and market vulnerabilities from such escalation, including estimated total cost to the U.S. economy; market impacts and potential losses to U.S. and global markets; capacity of U.S. markets to handle volatility; effects on securities of PRC or Taiwan entities listed on U.S. exchanges; and the risk of reductions in PRC holdings of U.S. Treasury debt. The committee would submit recommendations to FSOC, brief Congress and the Secretary of State, and hold a public meeting while omitting national-security-sensitive portions.