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Taiwan Protection and National Resilience Act of 2023
12/21/2024, 9:06 AM
Summary of Bill HR 2449
The bill includes provisions to strengthen the US-Taiwan relationship, including increasing military cooperation and support for Taiwan's defense capabilities. It also calls for the establishment of a joint US-Taiwan working group to address security challenges in the Indo-Pacific region.
Additionally, the bill seeks to enhance Taiwan's participation in international organizations and promote Taiwan's inclusion in regional security dialogues. It also calls for the US to support Taiwan's participation in the United Nations and other international forums. Overall, the Taiwan Protection and National Resilience Act of 2023 aims to bolster Taiwan's security and resilience in the face of increasing pressure from China, while also strengthening the US-Taiwan relationship and promoting Taiwan's international standing.
Congressional Summary of HR 2449
Taiwan Protection and National Resilience Act of 2023
This bill requires reports to Congress addressing issues related to China, including a strategy to respond to coercive actions by China.
The Department of Defense must submit a report identifying goods and services from the United States that China relies upon and U.S. military procurement practices that are reliant on trade with China.
The bill also requires the Department of the Treasury to submit a sanctions strategy that could be used in response to any coercive action by China, including a Chinese invasion of Taiwan, to (1) limit the ability of China's military to acquire petroleum and military materiel, (2) diminish the ability of the Chinese industrial base to replenish defense articles, and (3) inhibit China's ability to evade sanctions. The strategy must identify specific sanctions-related tools that may be effective in responding to coercive action.
The Department of Commerce must submit a report that (1) identifies critical sectors of the U.S. economy that are strategic vulnerabilities that could be exploited by the Chinese Communist Party because the sector in question relies on Chinese trade or inputs, and (2) makes recommendations to reduce such vulnerabilities.
