Bill > S1900

This bill seeks to support Taiwan's participation in the International Monetary Fund (IMF) by requiring the U.S. Governor at the IMF to actively advocate for Taiwan's admission and engagement. The bill provides extensive background on Taiwan's economic significance, noting it is the 21st largest global economy and the 10th largest goods trading partner of the United States. It highlights historical precedents, including Taiwan's previous IMF membership and statements from U.S. officials supporting Taiwan's international participation. The bill directs the U.S. Treasury Secretary to vigorously support Taiwan's IMF membership, including participation in surveillance activities, employment opportunities for Taiwanese nationals, and technical assistance. The legislation explicitly prohibits the U.S. from discouraging Taiwan's IMF membership and requires the Treasury Secretary to report annually on efforts to support Taiwan's participation in international financial institutions. The bill includes a provision allowing the Secretary to request a one-year waiver and contains a sunset clause that would terminate the bill's provisions either when Taiwan is admitted to the IMF or ten years after the bill's enactment. Notably, the bill draws parallels to other non-UN member states like Kosovo that have successfully joined international financial institutions, emphasizing pragmatic rather than political considerations for Taiwan's involvement.

Government Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/1900/all-info