Support legislation to strengthen U.S. financial market readiness in the event of escalation with the People's Republic of China.

Senators Dave McCormick and Jeanne Shaheen introduced the Fortifying United States Markets Against PRC Military Escalation Act of 2025.

David McCormick introduced the Fortifying United States Markets Against PRC Military Escalation Act of 2025 to improve U.S. market preparedness for potential hostilities or escalation with China.

Sens. McCormick, Shaheen Introduce Legislation to Strengthen U.S. Market Readiness in the Event of Potential Escalation with the People’s Republic of China
primary · press_release · model gpt-4.1

S.3447 | Fortifying United States Markets Against PRC Military Escalation Act of 2025 Latest Action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsored legislation to prepare U.S. financial markets for possible escalation with China.

Legislation - U.S. Senator Dave McCormick
primary · official_post · model gpt-4.1

Senator McCormick introduced S.3447 on December 11, 2025, to create an FSOC advisory committee on the market implications of PRC military escalation toward Taiwan.

McCormick backed legislation establishing an advisory committee to assess U.S. financial market risks from PRC escalation toward Taiwan.

All Info - S.3447 - 119th Congress (2025-2026): Fortifying United States Markets Against PRC Military Escalation Act of 2025 | Congress.gov | Library of Congress
primary · other · model gpt-5.4-mini

Senators Dave McCormick and John Fetterman introduced the PRC Broker-Dealers and Investment Advisers Moratorium Act to protect U.S. markets, consumers, and national economic security. The legislation aims to address concerns about the unequal regulatory landscape between the U.S. and the People's Republic of China (PRC), which exposes U.S. financial markets and consumer data to risks from Chinese Communist Party (CCP)-linked firms.

McCormick co-introduced legislation targeting PRC financial firms to enhance U.S. economic security.

partial same_term A for effort

Senators McCormick & Fetterman Introduce Legislation to Target PRC Financial Firms & Protect U.S. Economic Security - Senator Dave McCormick
secondary · model gpt-4.1 · confidence 90%

Senator Dave McCormick introduced the Joint Task Force to Counter Illicit Synthetic Narcotics Act of 2025 to combat the fentanyl crisis. The legislation aims to improve federal coordination to address the role of the People's Republic of China in producing fentanyl precursors and laundering drug money, thereby protecting American lives.

McCormick introduced legislation to address China's role in the fentanyl crisis, aiming to protect U.S. economic and national security.

partial same_term A for effort

Senator Dave McCormick Introduces Bipartisan, Bicameral Bill to Combat the Scourge of Fentanyl
primary · model gpt-4.1 · confidence 85%

Senator Dave McCormick achieved a significant milestone with two bills passing the Senate Foreign Relations Committee. One of the bills, the Taiwan Non-Discrimination Act, directs the U.S. Governor of the International Monetary Fund (IMF) to advocate for Taiwan’s inclusion as a member, countering China's influence and supporting Taiwan's participation in the global economy.

McCormick advanced legislation supporting Taiwan's IMF membership to counter China's influence.

partial same_term A for effort

McCormick Takes Bold Action to Combat Cartels and Champion Taiwan’s Global Role - U.S. Senator Dave McCormick
primary · model gpt-4.1 · confidence 80%

Senator McCormick sponsored the PRC Broker-Dealers and Investment Advisers Moratorium Act (S.2552), which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs on September 18, 2025.

McCormick sponsored legislation targeting PRC financial firms, referred to committee.

partial same_term A for effort

Legislation - U.S. Senator Dave McCormick
primary · model gpt-4.1 · confidence 90%

Senator McCormick co-sponsored the China Exchange Rate Transparency Act of 2025 (S.2146), which was placed on the Senate Legislative Calendar under General Orders on December 9, 2025.

McCormick co-sponsored legislation advocating for transparency in China's exchange rate arrangements.

partial same_term A for effort

Legislation - U.S. Senator Dave McCormick
secondary · model gpt-4.1 · confidence 85%

Senators Dave McCormick and Jeanne Shaheen introduced the Fortifying United States Markets Against PRC Military Escalation Act of 2025, which would establish an Advisory Committee at the Financial Stability Oversight Council (FSOC) to analyze, study, and develop recommendations to strengthen U.S. financial market readiness in the event of escalation with the People's Republic of China.

McCormick introduced legislation to enhance U.S. financial market readiness against potential PRC military escalation.

partial same_term A for effort

Press Releases - Senator Dave McCormick
primary · model gpt-4.1 · confidence 90%

GovInfo records that Senator McCormick introduced S.3405 on December 9, 2025, to direct the SEC to study transparency and cooperation involving PRC-controlled broker-dealers and investment advisers; the latest recorded action is referral to the Banking, Housing, and Urban Affairs Committee.

McCormick introduced a China-focused financial oversight bill, but it remains only referred to committee and has not become law.

partial same_term A for effort

S. 3405 (IS) - PRC Financial Intermediary Review Act - BILLS-119s3405is | Content Details | GovInfo
primary · model gpt-5.4-mini · confidence 96%

Congress.gov records that Senator McCormick introduced S.3447 on December 11, 2025, to create an FSOC advisory committee on the market implications of PRC military escalation toward Taiwan; the bill's latest action is still introduction and referral to Banking, Housing, and Urban Affairs.

McCormick introduced the closest direct market-readiness bill, but it remains at introduction with no enacted outcome.

partial same_term A for effort

All Info - S.3447 - 119th Congress (2025-2026): Fortifying United States Markets Against PRC Military Escalation Act of 2025 | Congress.gov | Library of Congress
primary · model gpt-5.4-mini · confidence 97%

Congress.gov lists Sen. David McCormick as sponsor of S.3447, introduced December 11, 2025. The latest action remains: read twice and referred to the Senate Committee on Banking, Housing, and Urban Affairs. The bill status is Introduced, with no recorded passage by either chamber or enactment.

The closest direct market-readiness bill remains introduced and referred, with no new action in the June 9-July 8, 2026 lookback window and no enacted delivery.

partial same_term A for effort

All Info - S.3447 - 119th Congress (2025-2026): Fortifying United States Markets Against PRC Military Escalation Act of 2025 | Congress.gov | Library of Congress
primary · model gpt-5.5 · confidence 98%

The introduced text says McCormick and Shaheen introduced a bill to establish an FSOC advisory committee on economic impacts of PRC military escalation toward Taiwan. The bill would study market implications and vulnerabilities, open communication among policymakers, agencies, and capital market constituents, and assess U.S. market capacity to handle resulting volatility.

Bill text directly matches the commitment to support legislation strengthening U.S. financial market readiness for PRC escalation, but it is only introduced text.

partial same_term A for effort

Text - S.3447 - Fortifying United States Markets Against PRC Military Escalation Act of 2025 | Congress.gov
secondary · model gpt-5.5 · confidence 98%

Congress.gov lists McCormick as sponsor of S.2552, introduced July 30, 2025. The official title would amend securities laws to restrict brokers, dealers, and investment advisers with specified PRC connections. The latest action remains referral to the Senate Banking, Housing, and Urban Affairs Committee, and the bill status is Introduced.

McCormick also sponsored PRC-focused financial-market legislation, but it remains at introduction/referral and has not delivered a statutory change.

partial same_term A for effort

All Information (Except Text) for S.2552 - PRC Broker-Dealers and Investment Advisers Moratorium Act | Congress.gov
secondary · model gpt-5.5 · confidence 94%

Congress.gov lists McCormick as sponsor of S.2146. The latest action was October 30, 2025, when it was placed on the Senate Legislative Calendar after being reported by the Foreign Relations Committee; its status is still Introduced, with no passage by the Senate, House, or enactment.

A related China financial-transparency bill advanced to the Senate calendar, showing concrete effort, but not full delivery of the market-readiness commitment.

partial same_term A for effort

All Information (Except Text) for S.2146 - China Exchange Rate Transparency Act of 2025 | Congress.gov
secondary · model gpt-5.5 · confidence 88%