Taiwan Peace through Strength Act of 2023

This bill establishes mechanisms to strengthen U.S. security cooperation with Taiwan to deter potential Chinese aggression. It requires annual reviews of U.S. military plans for Taiwan's defense, pre-clears military sales to Taiwan through the Foreign Military Sales program, and creates a dedicated fund to stockpile critical munitions for Taiwan's defense. The bill amends the Taiwan Relations Act to clarify that the U.S. can provide arms to help Taiwan deter PLA aggression. These provisions apply to the U.S. Department of Defense, Department of State, defense contractors, and Taiwan's military forces, with the goal of enhancing Taiwan's defensive capabilities while reducing the risk of conflict.