# 119-hr-3197: Fortifying U.S. Markets From Chinese Military Aggression Act

119-hr-3197, Fortifying U.S. Markets From Chinese Military Aggression Act, is a 119th Congress bill sponsored by Rep. Nunn, Zachary [R-IA-3] (R-IA); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-3197
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3197
- Congress: 119
- Title: Fortifying U.S. Markets From Chinese Military Aggression Act
- Status: introduced
- Introduced: 2025-05-05
- Sponsor: Rep. Nunn, Zachary [R-IA-3] (R-IA)
- Cosponsors: 18
- Policy area: International Affairs
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Creates a permanent Financial Stability Oversight Council advisory committee to prepare U.S. capital markets for economic shocks from Chinese military aggression toward Taiwan.** This committee would study market vulnerabilities, open lines of communication between regulators and market participants, and recommend steps to limit disruption and volatility. - Market participants and investors: Market makers, asset managers, exchanges, and institutional investors can serve on the committee and help shape resilience plans. The panel would include 10 appointed members and the chair must be a market maker. - Regulators and agencies: The Council would get annual public reports with analysis and recommendations on risks such as banking system safety, market losses, circuit breakers, and the impact on Chinese and Taiwanese listings in U.S. markets. - Public transparency and continuity: The committee must meet in person at least 2 times per year, hold an annual public meeting, and may present national security material in closed sessions. The committee would have permanent status and ongoing reporting duties.

## Cosponsors (18)

- Rep. Torres, Ritchie [D-NY-15] (D-NY), 2025-05-05T00:00:00.000Z
- Rep. Kim, Young [R-CA-40] (R-CA), 2025-05-05T00:00:00.000Z
- Rep. Sherman, Brad [D-CA-32] (D-CA), 2025-06-24T00:00:00.000Z
- Rep. Garbarino, Andrew R. [R-NY-2] (R-NY), 2025-06-26T00:00:00.000Z
- Rep. Davidson, Warren [R-OH-8] (R-OH), 2025-07-14T00:00:00.000Z
- Rep. Case, Ed [D-HI-1] (D-HI), 2025-07-14T00:00:00.000Z
- Rep. Timmons, William R. [R-SC-4] (R-SC), 2025-07-15T00:00:00.000Z
- Rep. De La Cruz, Monica [R-TX-15] (R-TX), 2025-07-15T00:00:00.000Z
- Rep. Stutzman, Marlin A. [R-IN-3] (R-IN), 2025-07-17T00:00:00.000Z
- Rep. Gonzalez, Vicente [D-TX-34] (D-TX), 2025-07-17T00:00:00.000Z
- Rep. McClain, Lisa C. [R-MI-9] (R-MI), 2025-07-21T00:00:00.000Z
- Rep. Haridopolos, Mike [R-FL-8] (R-FL), 2025-07-21T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2025-08-08T00:00:00.000Z
- Rep. Lucas, Frank D. [R-OK-3] (R-OK), 2025-08-19T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2025-09-09T00:00:00.000Z
- Rep. Downing, Troy [R-MT-2] (R-MT), 2025-10-24T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2025-10-31T00:00:00.000Z
- Rep. Moore, Tim [R-NC-14] (R-NC), 2026-03-17T00:00:00.000Z

## Provisions PRIA read

- Plan to protect markets from China-Taiwan shocks: benefit, medium. This bill would set up a permanent advisory committee at the Financial Stability Oversight Council. It would study market risks from Chinese military action toward Taiwan and keep agencies and markets coordinated. Members would include one SEC designee, one CFTC designee, and 10 appointees; the cha…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-2808: Homebuyers Privacy Protection Act
- 119-hr-2102: Major Richard Star Act
- 119-hr-6644: 21st Century ROAD to Housing Act

## Sources
- [119-hr-3197 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3197)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act](https://policyrisk.com/legislation/119-hr-4382)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-2808: Homebuyers Privacy Protection Act](https://policyrisk.com/legislation/119-hr-2808)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3197 (as of 2026-04-21).