; (B) the Committee on Foreign Relations, the Committee on Armed Services, and the Committee on Appropriations of the Senate; and (C) the Committee on Foreign Affairs, the Committee on Armed Services, the Committee on Appropriations, and the Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party of the House of Representatives. (2) Pacific Islands countries The term Pacific Islands countries includes the Federated States of Micronesia, Fiji, French Polynesia, Kiribati, the Republic of the Marshall Islands, Nauru, Palau, Solomon Islands, Tonga, Samoa, Niue, Tuvalu, and Vanuatu. 7407. Independent study on economic impact of military invasion of Taiwan by People’s Republic of China (a) Requirement Not later than 60 days after the date of the enactment of this Act, the Director of National Intelligence shall seek to enter into a contract with an eligible entity to conduct a comprehensive study on the global economic impact of a military invasion of Taiwan by the People’s Republic of China or certain other aggressive or coercive actions taken by the People’s Republic of China with respect to Taiwan. (b) Matters included The study required under subsection (a) shall include the following: (1) An assessment of the economic impact globally, in the United States, and in the People’s Republic of China that would result from an invasion of Taiwan by the People’s Republic of China under various potential invasion and response scenarios, including with respect to the impact on— (A) supply chains; (B) trade flows; (C) financial markets; (D) sovereign debt