United States 119th Congress Status: In Committee Bipartisan · 13 R · 6 D cosponsors

HR 3197 — Fortifying U.S. Markets From Chinese Military Aggression Act

Last action — Referred to the House Committee on Financial Services.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced May 05, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 42% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 19 sponsors

    1 primary, 18 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (13 R · 6 D) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

How this bill changes current law

2 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill establishes a new Advisory Committee within the Financial Stability Oversight Council focused on economic implications of Chinese military aggression towards Taiwan.

  • 12 U.S.C. 5321

    (k) Advisory Committee.-- (1) Establishment.--There is established the Financial Stability Oversight Council Advisory Committee on Economic Fallout From Chinese Military Aggression Towards Taiwan (the `Advisory Committee') to-- (A) study and report on the market implications and vulnerabilities related to Chinese military aggression towards Taiwan; and (B) open lines of communication between policy makers, government agencies, and capital market constituents to prepare for a potential response to, and to mitigate economic strain and market volatility related to, Chinese aggression in Taiwan. (2) Members.-- (A) In general.--The Advisory Committee shall consist of-- (i) a designee of the Commission; (ii) a designee of the Commodity Futures Trading Commission; and (iii) 10 members to be appointed by the Council from among persons who are-- (I) capital markets participants, including market makers, asset managers, exchanges, and institutional investors; or (II) experts on geopolitical risk related to China. (B) Chair.--The Chair of the Advisory Committee shall be a market maker appointed under subparagraph (A)(iii). (3) Meetings.--The Advisory Committee shall meet in person at least 2 times per year, with additional meetings at the call of the Chair. (4) Annual study and report on the recommendations of the advisory committee.--The Advisory Committee shall, annually-- (A) carry out a study on the market implications and vulnerabilities related to Chinese military aggression towards Taiwan; (B) develop recommendations and supporting analysis based on the results of the study; and (C) hold a public meeting to present the recommendations and analysis to the Council, but with any portions of such recommendations and analysis that implicate national security concerns presented in a closed session. (5) Permanent status.--The termination provision under section 1013 of title 5, United States Code, shall not apply to the Advisory Committee.

    This addition creates a specific Advisory Committee dedicated to addressing the economic impacts of Chinese military actions regarding Taiwan.

  • 12 U.S.C. 5321

    (l) Annual Report.--The Council shall issue an annual public report, after analyzing the recommendations and analysis of the Advisory Committee provided under subsection (k)(4), detailing the following:...

    This mandates the Council to produce annual public reports based on the Advisory Committee's findings regarding market vulnerabilities related to Chinese aggression.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Financial Services.

Sponsors

Sponsorship breakdown

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1 sponsors · 18 co-sponsors · 528 not signed on

Sponsors (1)

Co-sponsors (18)

Not signed on (528)

528 members have not signed on to this bill.

Show all 528 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

public-safety finance education technology
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Frequently asked questions

Who sponsors HR 3197?
HR 3197 is sponsored by Nunn, Zachary (Republican), Torres, Ritchie (Democratic), Kim, Young (Republican), Sherman, Brad (Democratic), Garbarino, Andrew R. (Republican), Davidson, Warren (Republican), Case, Ed (Democratic), Timmons, William R. (Republican), De La Cruz, Monica (Republican), Stutzman, Marlin A. (Republican), Gonzalez, Vicente (Democratic), McClain, Lisa C. (Republican), Haridopolos, Mike (Republican), Lawler, Michael (Republican), Lucas, Frank D. (Republican), Vindman, Eugene Simon (Democratic), Downing, Troy (Republican), Thanedar, Shri (Democratic), and Moore, Tim (Republican).
What is the current status of HR 3197?
This bill is in committee in the House. Introduced May 05, 2025. It must pass committee before a floor vote.
Where can I track HR 3197?
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Last checked for changes 3 months ago · updated continuously

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