S. 1900: Taiwan Non-Discrimination Act of 2025

This bill is known as the Taiwan Non-Discrimination Act of 2025. Its primary aim is to enhance Taiwan's participation and representation in international financial institutions, particularly the International Monetary Fund (IMF). Here is an outline of the main points addressed in the bill:

Findings

The bill states that:

• The IMF's purpose is to foster international monetary cooperation and promote balanced economic growth.
• Taiwan is a significant global economy and a major trading partner of the United States.
• Despite not being an IMF member, Taiwan is involved in various international organizations, reflecting its economic importance.
• The United States has consistently supported Taiwan's participation in international organizations that do not require statehood for membership.
• Historical evidence supports the idea that Taiwan should have a role in international organizations like the IMF.

Congressional Sense

The act conveys that:

• Given Taiwan's economic significance, the country should have increased involvement in the IMF.
• Taiwan's democratic governance experience is valuable for international financial discussions.

Support for Taiwan's Admission to the IMF

The bill mandates that the U.S. Governor at the IMF should:

• Support Taiwan's application for IMF membership if pursued by Taiwan.
• Promote Taiwan's involvement in IMF economic surveillance activities.
• Facilitate job opportunities for Taiwan nationals in accordance with IMF employment regulations.
• Ensure Taiwan receives necessary technical support from the IMF.

U.S. Policy

The bill establishes that the U.S. will not hinder Taiwan from seeking IMF membership.

Waivers

The Secretary of the Treasury can waive specific requirements of the act for periods up to one year if it promotes Taiwan's participation in international financial institutions.

Sunset Provision

The provisions of this support for Taiwan's admission will end either when Taiwan is admitted to the IMF or ten years after the bill's enactment.

Testimony Requirement

For the next seven years, the Secretary of the Treasury must report to Congress on the efforts made to increase Taiwan's participation in international financial institutions.

Relevant Companies

• AAPL (Apple Inc.): As a major technology company, Apple has significant interests in Taiwan's supply chain and could be affected by changes in trade policies and Taiwan's international status.
• TSM (Taiwan Semiconductor Manufacturing Company): As one of the largest semiconductor manufacturers globally, any changes in Taiwan's international recognition and status could impact TSM's operations and investor relations.
• INTC (Intel Corporation): Intel could be significantly impacted, as advancements in Taiwan's economic and political standing may affect its competition and partnerships in the semiconductor sector.