Lawmakers Introduce Bill to Safeguard US Economy From Potential ‘Fallout’ of Chinese Invasion of Taiwan

‘If the CCP takes the drastic action of advancing on Taiwan, we must proactively prepare our national economy,’ Rep. Ritchie Torres said.

Air force soldiers prepare to load U.S. made Harpoon AGM-84 anti ship missiles in front of an F-16V fighter jet during a drill at Hualien Air Force base in Taiwan on Aug. 17, 2022. Sam Yeh/AFP via Getty Images

House lawmakers have introduced bipartisan legislation to develop an economic strategy aimed at mitigating “the catastrophic economic fallout” resulting from a potential Chinese invasion of Taiwan.

The legislation, titled the “Fortifying U.S. Markets from Chinese Military Aggression Act,” was introduced by Reps. Blaine Luetkemeyer (R-Mo.) and Ritchie Torres (D-N.Y.) on April 11.