HR 540 United States House · 118th Congress

Taiwan Non-Discrimination Act of 2023

HR 540 directs the U.S. Governor at the International Monetary Fund (IMF) to actively support Taiwan's membership and participation in the IMF. The bill requires the U.S. to use its voting power to back Taiwan's admission as a member, its participation in economic reviews, employment opportunities for Taiwanese nationals, and access to technical assistance. It mandates annual reports on U.S. efforts to advance Taiwan's involvement at international financial institutions and expires if Taiwan is admitted or after 10 years. This bill directly affects Taiwan's ability to engage with the IMF, the world's primary international financial institution, by directing U.S. policy at that body.

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2023

Committee Review

Jan 2024

House Passage

Jan 2024

Senate Passage

President

Introduced Jan 26, 2023 Last action Jan 16, 2024

Maddy AI version diff · 1 comparison

What changed between versions

Introduced in House → Engrossed in House · 3 edits · Jan 12, 2024

MINOR

The Engrossed version of HR 540 makes three substantive changes to Section 4: it conditions U.S. support for Taiwan's IMF admission on Taiwan actually seeking it, adds a new policy statement that the U.S. will not discourage or deter Taiwan from pursuing membership, and slightly broadens the waiver language from '1 year at a time' to 'up to 1 year at a time.' These changes make the bill more conditional and add a declaratory policy provision without fundamentally altering its purpose.

REQUIREMENT

U.S. support for Taiwan's admission to the IMF is now conditioned on Taiwan itself seeking admission, adding the phrase 'to the extent that admission is sought by Taiwan' to subsection (a)(1).

The Treasury Secretary's waiver authority was changed from 'for 1 year at a time' to 'for up to 1 year at a time,' giving slightly more flexibility in the duration of waivers.

SCOPE

A new subsection (b) establishes it as U.S. policy not to discourage or otherwise deter Taiwan from seeking admission as a member of the IMF.

Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 16, 2024

Committee

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

upper

Jan 12, 2024

Introduced

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: 1/10/2024 CR H31-32)

lower

Jan 12, 2024

Lower · Passed

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: 1/10/2024 CR H31-32)

lower

Jan 10, 2024

Introduced

Mr. McHenry moved to suspend the rules and pass the bill, as amended.

lower

Dec 1, 2023

Lower · Passed

Reported (Amended) by the Committee on Financial Services. H. Rept. 118-293.

lower

Feb 28, 2023

Introduced

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 38 - 0.

lower

Feb 28, 2023

Lower · Passed

Committee Consideration and Mark-up Session Held.

lower

Jan 26, 2023

Committee

Referred to the House Committee on Financial Services.

lower

Jan 26, 2023

Introduced

Introduced in House

lower

1 primary · 4 co-sponsors