Taiwan has the 21st largest economy in the world and is the 10th largest U.S. trading partner, yet it has no seat at the International Monetary Fund. This bill would require the U.S. representative at the IMF to actively push for Taiwan's admission as a member, support Taiwan's participation in regular economic reviews, and advocate for employment opportunities for Taiwanese nationals at the Fund. The Secretary of the Treasury would have to report to Congress on these efforts for the next seven years, with a waiver option if a different approach better serves the goal of Taiwan's meaningful participation.
Congressional Summary
This bill requires actions to support Taiwan's participation in the International Monetary Fund (IMF).The U.S. Governor of the IMF must advocate for (1) Taiwan's admission into the IMF as a member, to the extent Taiwan seeks to be a member; (2) Taiwan's participation in the IMF's regular surveillance activities relating to Taiwan's economic and financial policies; (3) employment opportunities at the IMF for Taiwan nationals; and (4) Taiwan's ability to receive IMF technical assistance and training.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- Senate
- Status
- summarized
- Action
- Reported to Senate
- Action Date
- 2025-06-18
- Date Added
- 2026-03-30
- Source
- Congress.gov →
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