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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
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
Sponsors
Role
Legislator
Party
State
District
P
Blaine Luetkemeyer
RRepublican
Co
Andrew R. Garbarino
RRepublican
Co
Ann Wagner
RRepublican
Co
Bill Posey
RRepublican
Co
Brad Sherman
DDemocratic
Co
John W. Rose
RRepublican
Co
Josh Gottheimer
DDemocratic
Co
Michael Lawler
RRepublican
Co
Monica De La Cruz
RRepublican
Co
Ritchie Torres
DDemocratic
Co
Zachary Nunn
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HR 7954
Scope: US
Hi! I can help you understand HR 7954. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline