; (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. (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: (1) Market vulnerabilities related to Chinese aggression in Taiwan, including— (A) the safety and soundness of the United States banking and financial systems; (B) market impact and potential losses faced by United States and global markets; (C) the capacity of United States markets to deal with extreme volatility that could result from aggression, i.e. trading halts, circuit breakers, and other tools for managing liquidity; (D) the impact on Chinese and Taiwanese listings in the United States; (E) the likelihood, and potential impact of, China reducing, or eliminating, its holding in United States Treasuries; and (F) the estimated total costs to the United States economy from Chinese military aggression toward Taiwan. (2) Recommendations and action items for regulators to make United States capital markets more resilient against market shocks, volatility, and dislocation described under paragraph (1), including with respect to— (A) the United States Government’s coordination and response; (B) ideas for government action to limit the market impacts of a blockade or invasion of Taiwan; (C) potential retaliatory actions by China and the potential response of the United States; (D) collaboration and testing of trade halt rules and circuit breakers across markets; and (E) avenues for further regulator engagement with capital markets participants on the topic. .