Referred to the House Committee on Financial Services.
Amends the Financial Stability Act to create a permanent FSOC Advisory Committee on Economic Fallout From Chinese Military Aggression Towards Taiwan.
The committee (12 members) will study market vulnerabilities, meet at least twice yearly, and produce annual recommendations and a public FSOC report, with classified portions as needed.
The FSOC must report on vulnerabilities, resilience measures, coordination, and potential economic costs and actions related to Chinese aggression toward Taiwan.
Modest chance: narrowly focused and administrative which helps, but standalone advisory bills often stall without broad legislative priority or inclusion in larger packages.
Relative to its intended legislative type, this bill establishes a clearly purposed, permanent advisory committee within FSOC with defined membership categories, meeting frequency, and annual deliverables, and it requires the Council to publish an annual analysis and recommendations. It provides moderate specificity about topics to be studied and the reporting relationship.
Liberals worry about escalation and protectionist harms; conservatives emphasize deterrence.
Liberals worry about escalation and protectionist harms; conservatives emphasize deterrence.
Overall supportive of preparing markets and protecting the economy, but wary of hawkish framing and unintended harms.
Sees value in transparency and resilience planning, while seeking safeguards against overreach, protectionism, or policies that harm workers or civil liberties.
Pragmatically favors improved market resilience and interagency planning, but wants clarity on scope, costs, and duplication.
Will seek measurable deliverables, oversight, and limited intrusion into normal market functioning.
Generally strongly supportive as a national-security-oriented economic preparedness measure.
Views the committee as a tool to deter Chinese aggression, protect financial stability, and plan retaliatory or defensive economic actions.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Modest chance: narrowly focused and administrative which helps, but standalone advisory bills often stall without broad legislative priority or inclusion in larger packages.
The bill has not accumulated any surfaced votes yet.
Liberals worry about escalation and protectionist harms; conservatives emphasize deterrence.
Modest chance: narrowly focused and administrative which helps, but standalone advisory bills often stall without broad legislative priorit…
Relative to its intended legislative type, this bill establishes a clearly purposed, permanent advisory committee within FSOC with defined membership categories, meeting frequency, and annual deliverables, and it requir…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.