Bill · S. 3447· Senate(119-S-3447)
Fortifying United States Markets Against PRC Military Escalation Act of 2025
- Introduced
- 12/11/2025
- Last activity
- 12/11/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- David McCormick
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, titled the "Fortifying United States Markets Against PRC Military Escalation Act of 2025," seeks to amend the Financial Stability Act of 2010. It proposes the creation of an Advisory Committee on Economic Impacts of Military Escalation by the People's Republic of China toward Taiwan. This committee is tasked with studying market implications and vulnerabilities related to such military escalation. Additionally, the committee aims to open communication lines between policymakers and capital market constituents to prepare for and mitigate economic strain. The committee will include designees from several financial regulatory bodies and various private sector experts.
Yes· 3 of 6
Does this reduce what the federal government owes?+1
The bill directs the committee to assess the potential impact of China reducing its holdings of U.S. Treasury debt securities.
Is this likely to grow the economy?+1
The bill aims to mitigate economic strain and market volatility through proactive study and communication.
Does this make the government pay for what it commits to?+1
The study of debt security holdings aims to understand vulnerabilities in the financing of the federal government.
The opposite
Does this make what the government does easier for the public to see?-1
The bill allows the committee to omit portions of its analysis from public meetings if they implicate national security concerns.
Who it would affect, and how
Potential Positive Impacts for People
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Economic Preparedness: The committee is tasked to study and report on market implications and vulnerabilities to help prepare for a potential response to economic strain and market volatility (Section 2, subsection k, 1, A and B).
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Mitigating Economic Strain: By opening lines of communication between policy makers and capital market constituents, the committee seeks to mitigate economic strain and market volatility related to military escalation (Section 2, subsection k, 1, B).
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Detailed Economic Assessments: The committee will conduct studies that assess the estimated total cost to the United States economy, potential losses faced by markets, and the impact on securities issued by entities in the People's Republic of China or Taiwan (Section 2, subsection k, 4, A, i-iv).
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Debt Security Oversight: The study will include an assessment of the likelihood and potential impact of reductions in holdings by the People's Republic of China of debt securities issued by the Department of the Treasury (Section 2, subsection k, 4, A, v).
Potential Negative Impacts for People
- Information Omissions: While the committee is required to hold a public meeting to present recommendations and analysis, they are permitted to omit any portions that implicate national security concerns (Section 2, subsection k, 4, D).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Economic Growth+1Improves Fiscal Responsibility+1Reduces National Debt+1
- Demographic And Interest Groups
- Good For Business Owners+1Good For High Net Worth Individuals+1
- Governance And Ideology
- Improves Government Transparency-1
- National Security And Foreign Policy
- Improves International Alliances+1
- 12/11/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
Jeanne ShaheenDemocrat · New Hampshire