HR 7954 United States House · 118th Congress

Fortifying U.S. Markets From Chinese Military Aggression Act

This bill establishes the Financial Stability Oversight Council's Advisory Committee on Economic Fallout From Chinese Military Aggression Towards Taiwan. The committee, composed of financial regulators, market participants, and geopolitical experts, will study market vulnerabilities related to potential Chinese military action against Taiwan. It must annually produce reports analyzing risks to U.S. banking systems, market volatility, economic costs, and recommendations for improving market resilience. These reports will include specific assessments of impacts on U.S. markets, Treasury holdings, and potential responses to disruptions like a Taiwan invasion or blockade. The committee's work aims to prepare U.S. financial systems for economic shocks without making direct policy changes.
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2024
Committee Review
Floor Vote
President
Introduced Apr 11, 2024 Last action Apr 11, 2024
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Apr 11, 2024
Committee
Referred to the House Committee on Financial Services.
lower
Apr 11, 2024
Introduced
Introduced in House
lower
1 primary · 10 co-sponsors

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