1. Short title This Act may be cited as the Fortifying U.S. Markets From Chinese Military Aggression Act . 2. Advisory Committee on Economic Fallout From Chinese Military Aggression Towards Taiwan Section 111 of the Financial Stability Act of 2010 ( 12 U.S.C. 5321 ) is amended by adding at the end the following: (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 toward 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 toward Taiwan; (B) develop recommendations and supporting analysis based on the results of the study