What does Preamble of Taiwan Non-Discrimination Act of 2025 do?

This bill requires the Secretary of the Treasury to pursue more equitable treatment of Taiwan at international financial institutions.

What does SHORT TITLE. of Taiwan Non-Discrimination Act of 2025 do?

This bill is formally titled the Taiwan Non-Discrimination Act of 2025.

What does FINDINGS. of Taiwan Non-Discrimination Act of 2025 do?

This section outlines findings related to Taiwan's economic significance and its relationship with the International Monetary Fund (IMF). It notes Taiwan's substantial foreign exchange reserves and its membership in organizations like the World Trade Organization and the Asia-Pacific Economic Cooperation forum. The text references past U.S. government support for some form of association between Taiwan and the IMF, even after the People's Republic of China (PRC) was seated at the IMF. It highlights statements from U.S. officials supporting Taiwan's participation in international organizations, regardless of statehood requirements. The section emphasizes the IMF's Articles of Agreement, which state that membership should be open to other 'countries,' and discusses the IMF's flexible approach to determining eligibility for membership. It points to the example of Kosovo, which is not a UN member state but is a member of the IMF and the World Bank. Recent U.S. statements support Taiwan's 'robust, meaningful participation' in the UN system, including the IMF, citing pragmatic benefits. Taiwan has recently announced its intention to seek IMF membership to bolster its financial resilience.

What does SENSE OF THE CONGRESS. of Taiwan Non-Discrimination Act of 2025 do?

This section expresses the sense of Congress regarding Taiwan's participation in the International Monetary Fund (IMF). Congress believes Taiwan's economic significance warrants greater IMF participation. The section suggests Taiwan's economic development under democratic governance should inform international financial institutions.

What does SUPPORT FOR TAIWAN ADMISSION TO THE IMF. of Taiwan Non-Discrimination Act of 2025 do?

This section directs the United States Governor of the International Monetary Fund (IMF) to vigorously support Taiwan’s admission as a member, if Taiwan seeks it. It supports Taiwan’s participation in regular surveillance activities of the IMF, consistent with Article IV consultation procedures. The section encourages employment opportunities for Taiwan nationals within the IMF, without discriminatory restrictions. It aims to enable Taiwan to receive technical assistance and training from the IMF. U.S. policy is to avoid discouraging Taiwan from seeking IMF membership. The Secretary of the Treasury can waive requirements of this section for up to one year if it promotes Taiwan's meaningful participation in international financial institutions. This section expires either upon Taiwan's approval as an IMF member or 10 years after the Act's enactment.

What does TESTIMONY REQUIREMENT. of Taiwan Non-Discrimination Act of 2025 do?

This section mandates that the Secretary of the Treasury include a description of U.S. efforts to support Taiwan’s participation in international financial institutions within testimony required by section 1705(b) of the International Financial Institutions Act. This requirement applies for the next 7 years. The definition of 'international financial institution' is referenced from section 1701(c)(2) of the International Financial Institutions Act.

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Taiwan Non-Discrimination Act of 2025

Last updated: 6/24/2025 · Introduced: 2/4/2025

Author: Young Kim (R-CA)

TL;DR (AI)

This bill directs the U.S. Governor of the International Monetary Fund (IMF) to actively support Taiwan’s admission as a member, should Taiwan formally seek it.
The bill encourages the IMF to provide technical assistance and training opportunities for Taiwanese nationals, while avoiding discriminatory restrictions on employment.
It requires the Secretary of the Treasury to report annually on U.S. efforts to support Taiwan’s participation in international financial institutions.

119th Congresspassed houseS. 1071(Signed into Law)Official page

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Other Sections

Includes provisions on preamble, short title., and 4 more.

6 sections

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