,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #caig  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #e1 #bjbe,mr4    
,nunn ( ,i[a 7= himself1 ,mr4 ,torres ( 
,new ,york1 & ,mrs4 ,kim7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,f9ancial ,s]vices  ,a    
,,bill  ,to am5d ! ,f9ancial ,/ability  
,act ( #bjaj to e/abli% an ,advisory    
,committee on ,economic ,fall\t ,f      
,*9ese ,milit>y ,aggression ,t[>ds      
,taiwan1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,=tify+ 
,u4,s4 ,m>kets ,f ,*9ese ,milit>y       
,aggression ,act4  #b4 ,advisory        
,committee on ,economic ,fall\t ,f      
,*9ese ,milit>y ,aggression ,t[>ds      
,taiwan ,section #aaa ( ! ,f9ancial     
,/ability ,act ( #bjaj 7#ab ,u4,s4,c4   
#ecba7 is am5d$ by add+ at ! end !      
foll[+3  7k7 ,advisory ,committee  7#a7 
,e/abli%m5t ,!re is e/abli%$ ! ,f9ancial
 ,/ability ,ov]sight ,c\ncil ,advisory  
,committee on ,economic ,fall\t ,f      
,*9ese ,milit>y ,aggression ,t[>ds      

,taiwan 7! ,advisory ,committee7 to--   
7,a7 /udy & report on ! m>ket           
implications & vuln]abilities relat$ to 
,*9ese milit>y aggression t[>ds ,taiwan2
 &  7,b7 op5 l9es ( communication betwe5
 policy mak]s1 gov]nm5t ag5cies1 &      
capital m>ket con/itu5ts to prep>e = a  
pot5tial response to1 & to mitigate     
economic /ra9 & m>ket volatility relat$ 
to1 ,*9ese aggression 9 ,taiwan4  7#b7  
,memb]s  7,a7 ,9 g5]al ,! ,advisory     
,committee %all consi/ (-- 7i7 a        
designee ( ! ,commission2  7ii7 a       
designee ( ! ,commodity ,futures ,trad+ 
,commission2 &  7iii7 #aj memb]s to be  
appo9t$ by ! ,c\ncil f among p]sons :o  
are-- 7,i7 capital m>kets p>ticipants1  
includ+ m>ket mak]s1 asset manag]s1     
ex*anges1 & in/itutional inve/ors2 or   
7,,ii7 exp]ts on geopolitical risk      
relat$ to ,*9a4  7,b7 ,*air ,! ,*air ( !
 ,advisory ,committee %all be a m>ket   
mak] appo9t$ "u subp>agraph 7,a77iii74  
7#c7 ,meet+s ,! ,advisory ,committee    
%all meet 9 p]son at lea/ #b times p]   

ye>1 ) additional meet+s at ! call ( !  
,*air4  7#d7 ,annual /udy & report on ! 
recomm5dations ( ! ,advisory ,committee 
,! ,advisory ,committee %all1 annually--
 7,a7 c>ry out a /udy on ! m>ket        
implications & vuln]abilities relat$ to 
,*9ese milit>y aggression t[>ds ,taiwan2
  7,b7 develop recomm5dations & support+
 analysis bas$ on ! results ( ! /udy2 & 
7,c7 hold a public meet+ to pres5t !    
recomm5dations & analysis to ! ,c\ncil1 
b ) any portions ( su* recomm5dations & 
analysis t implicate national security  
conc]ns pres5t$ 9 a clos$ session4  7#e7
 ,p]man5t /atus ,! t]m9ation provision  
"u section #ajac ( title #e1 ,unit$     
,/ates ,code1 %all n apply to !         
,advisory ,committee4  7l7 ,annual      
report ,! ,c\ncil %all issue an annual  
public report1 aft] analyz+ !           
recomm5dations & analysis ( ! ,advisory 
,committee provid$ "u subsection        
7k77#d71 detail+ ! foll[+3 7#a7 ,m>ket  
vuln]abilities relat$ to ,*9ese         
aggression 9 ,taiwan1 includ+-- 7,a7 !  

safety & s\ndness ( ! ,unit$ ,/ates     
bank+ & f9ancial sy/ems2  7,b7 m>ket    
impact & pot5tial losses fac$ by ,unit$ 
,/ates & global m>kets2  7,c7 ! capacity
 ( ,unit$ ,/ates m>kets to deal )       
extreme volatility t c\ld result f      
aggression1 i4e4 trad+ halts1 circuit   
break]s1 & o!r tools = manag+ liquidity2
  7,d7 ! impact on ,*9ese & ,taiwanese  
li/+s 9 ! ,unit$ ,/ates2  7,e7 !        
likelihood1 & pot5tial impact (1 ,*9a   
r$uc+1 or elim9at+1 its hold+ 9 ,unit$  
,/ates ,treasuries2 &  7,f7 ! e/imat$   
total co/s to ! ,unit$ ,/ates economy f 
,*9ese milit>y aggression t[>ds ,taiwan4
  7#b7 ,recomm5dations & action items = 
regulators to make ,unit$ ,/ates capital
 m>kets m resili5t aga9/ m>ket %ocks1   
volatility1 & dislocation describ$ "u   
p>agraph 7#a71 includ+ ) respect to--   
7,a7 ! ,unit$ ,/ates ,gov]nm5t's        
coord9ation & response2  7,b7 ideas =   
gov]nm5t action to limit ! m>ket impacts
 ( a blockade or invasion ( ,taiwan2    
7,c7 pot5tial retaliatory actions by    

,*9a & ! pot5tial response ( ! ,unit$   
,/ates2  7,d7 collaboration & te/+ (    
trade halt rules & circuit break]s      
across m>kets2 &  7,e7 av5ues = fur!r   
regulator engagem5t ) capital m>kets    
p>ticipants on ! topic4  4