This bill establishes a new advisory committee within the Financial Stability Oversight Council to study potential economic impacts if China uses military force against Taiwan. The committee will include representatives from financial regulators, market makers, asset managers, and geopolitical experts who will meet at least twice yearly to assess vulnerabilities in U.S. financial markets and develop recommendations for strengthening market resilience. The bill requires the committee to produce annual reports examining risks to the banking system, potential market losses, treasury holdings impacts, and the overall economic cost of such aggression, along with recommendations for regulatory action. The committee is given permanent status and will hold both public meetings and closed sessions when national security concerns are involved. This legislation affects financial policymakers, banks, investment firms, and exchanges by requiring them to prepare contingency plans for a potential Taiwan-China military conflict that could destabilize global markets.
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