Taiwan Peace through Strength Act of 2023

The Taiwan Peace through Strength Act of 2023 requires the U.S. Department of Defense to conduct annual reviews of military plans to defend Taiwan, assessing Taiwan's capabilities, U.S. readiness, and risks of conflict with China. It establishes a fast-tracking mechanism for military sales to Taiwan through the Foreign Military Sales program, with certain defense items pre-cleared for sale to help Taiwan deter Chinese aggression. The bill amends the Taiwan Relations Act to better align with current security needs and creates a dedicated fund to stockpile critical munitions for potential defense of Taiwan. These provisions aim to strengthen Taiwan's defensive capabilities and deter Chinese military action against Taiwan. The bill affects U.S. defense policy, military sales procedures, and U.S.-Taiwan security cooperation.