Bill > HR910

This bill aims to support Taiwan's participation in the International Monetary Fund (IMF) by requiring the United States to actively advocate for Taiwan's admission and engagement in international financial institutions. The bill recognizes Taiwan's significant economic importance as the 21st largest global economy and the 10th largest goods trading partner of the United States, despite not being a current IMF member. The legislation directs the U.S. Governor of the IMF to vigorously support Taiwan's potential membership, including advocating for Taiwan's participation in Fund surveillance activities, employment opportunities for Taiwanese nationals, and access to technical assistance. The bill explicitly states that the U.S. policy is not to discourage or deter Taiwan from seeking IMF membership and requires the Secretary of the Treasury to report annually on efforts to support Taiwan's participation in international financial institutions. The provisions are set to expire either when Taiwan is admitted to the IMF or ten years after the Act's enactment. The bill draws on historical precedents, such as Taiwan's previous IMF membership and international legal interpretations that suggest flexibility in defining membership criteria, and aligns with previous U.S. policy statements supporting Taiwan's involvement in international organizations where statehood is not a prerequisite.

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https://www.congress.gov/bill/119th-congress/house-bill/910/all-info