Fortifying U.S. Markets From Chinese Military Aggression Act
Sponsored By: Representative Nunn, Zachary [R-IA-3]
Introduced
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.
Show full summary
- 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.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Plan to protect markets from China-Taiwan shocks
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 chair would be a market maker. It would meet in person at least twice a year, do a yearly study with recommendations, and hold a public meeting; national-security parts would be closed. FSOC would issue a yearly public report on vulnerabilities and steps to take, including banking safety, potential losses, trading halts and circuit breakers, impacts on Chinese and Taiwanese listings, risks if China sells U.S. Treasuries, and estimated total economic costs.
Sponsors & CoSponsors
Sponsor
Nunn, Zachary [R-IA-3]
IA • R
Cosponsors
Rep. Torres, Ritchie [D-NY-15]
NY • D
Sponsored 5/5/2025
Rep. Kim, Young [R-CA-40]
CA • R
Sponsored 5/5/2025
Rep. Sherman, Brad [D-CA-32]
CA • D
Sponsored 6/24/2025
Rep. Garbarino, Andrew R. [R-NY-2]
NY • R
Sponsored 6/26/2025
Davidson
OH • R
Sponsored 7/14/2025
Rep. Case, Ed [D-HI-1]
HI • D
Sponsored 7/14/2025
Timmons
SC • R
Sponsored 7/15/2025
Rep. De La Cruz, Monica [R-TX-15]
TX • R
Sponsored 7/15/2025
Stutzman
IN • R
Sponsored 7/17/2025
Gonzalez, V.
TX • D
Sponsored 7/17/2025
McClain
MI • R
Sponsored 7/21/2025
Haridopolos
FL • R
Sponsored 7/21/2025
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 8/8/2025
Lucas
OK • R
Sponsored 8/19/2025
Rep. Vindman, Eugene Simon [D-VA-7]
VA • D
Sponsored 9/9/2025
Rep. Downing, Troy [R-MT-2]
MT • R
Sponsored 10/24/2025
Rep. Thanedar, Shri [D-MI-13]
MI • D
Sponsored 10/31/2025
Moore (NC)
NC • R
Sponsored 3/17/2026
Roll Call Votes
No roll call votes available for this bill.
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