Summary of Bill SRES 91
Bill 118 S.Res. 91 is a resolution introduced in the US Senate that expresses the Senate's support for a tax agreement with Taiwan. The resolution highlights the importance of fostering economic and trade relations with Taiwan, a key ally in the Asia-Pacific region. The resolution emphasizes the benefits of a tax agreement with Taiwan, including promoting economic growth, creating jobs, and enhancing bilateral cooperation.
The resolution acknowledges Taiwan's significant contributions to the global economy and its commitment to upholding international tax standards. It also recognizes the importance of strengthening economic ties with Taiwan to promote regional stability and security.
Overall, Bill 118 S.Res. 91 underscores the Senate's recognition of the value of a tax agreement with Taiwan and its commitment to furthering economic cooperation between the two countries.
Congressional Summary of SRES 91
This resolution recognizes the importance of Taiwan's security and prosperity to the United States' own security and prosperity.
The resolution encourages the President and the House of Representatives to work with the Senate on a congressional-executive agreement to establish an income tax agreement between the United States and Taiwan, consistent with U.S commitments under the Taiwan Relations Act.
The resolution also encourages the President to proactively seek other ways to increase trade, technology, and investment ties between the United States and Taiwan.