This legislative proposal mandates the establishment of an interagency task force to develop economic strategies aimed at deterring aggression by the People's Republic of China (PRC) against Taiwan. The bill expresses a Sense of Congress that the United States must be prepared to impose immediate sanctions on PRC entities supporting actions to overthrow, occupy, or violate Taiwan's territorial integrity, or to conduct blockades, seize islands, or launch significant cyberattacks. These efforts are intended to complement existing U.S. responses and do not contravene the long-standing "One China" policy. The task force, led by the Department of State and the Department of the Treasury, will identify specific military and non-military entities for potential sanctions if the PRC attempts to gain physical or political control of Taiwan. It is also charged with developing a comprehensive strategy, including assessing existing sanctions programs, proposing new authorities, and analyzing the potential economic consequences for the United States and its allies. Furthermore, the task force must coordinate with international partners to leverage economic tools, identify impediments to cooperation, target key PRC industries, and provide economic support to Taiwan and other threatened nations. The bill requires the task force to brief Congress on its strategy and submit annual classified reports detailing identified entities, necessary new authorities, economic impacts, and mitigation measures. Importantly, the legislation clarifies that any recommended sanctions are not self-executing and would require explicit authorization under existing or future federal law.