Taiwan Non-Discrimination Act of 2025
The Taiwan Non-Discrimination Act of 2025 would direct the U.S. Secretary of the Treasury to actively pursue more equitable treatment of Taiwan within international financial institutions (IFIs), with a focus on the International Monetary Fund (IMF). The bill instructs the United States to use its voice and vote at the IMF to support Taiwan’s admission as a member, encourage Taiwan’s participation in IMF surveillance and policy work, promote employment opportunities for Taiwan nationals, and ensure access to technical assistance and training. It also codifies a policy of not discouraging Taiwan’s IMF bid, allows temporary waivers to accelerate progress, and sets a sunset date tied to IMF approval or 10 years after enactment. Additionally, the bill requires the Treasury Secretary to report annually on efforts to maximize Taiwan’s participation in IFIs.
Key Points
- 1The bill states that the United States should vigorously support Taiwan’s admission to the IMF and its participation in IMF surveillance and processes, aligned with Article IV consultation procedures.
- 2It directs the U.S. to promote employment opportunities for Taiwan nationals within the IMF and to ensure Taiwan can receive appropriate technical assistance and training.
- 3The policy language specifies that the United States should not discourage Taiwan from seeking IMF membership.
- 4The Secretary of the Treasury may grant up to a 1-year waiver of requirements in subsection (a) if reporting to Congress shows the waiver advances meaningful participation by Taiwan at IFIs (as defined in the International Financial Institutions Act).
- 5The bill includes a sunset provision: the act takes no force after either IMF Board approval of Taiwan’s admission or 10 years after enactment, whichever occurs first.
- 6The bill requires the Secretary of the Treasury to include in each of the next seven annual testimonies the efforts to increase Taiwan’s participation in IFIs.