Taiwan Policy Act of 2022. Senator Robert Menendez
Our legislation would reinforce the safety of Taiwan by offering virtually $4.5 billion in safety help over the subsequent 4 years and recognizing Taiwan as a “major non-NATO ally” — a strong designation to facilitate nearer navy and safety ties. It would additionally increase Taiwan’s diplomatic area by its participation in worldwide organizations and in multilateral commerce agreements. The laws would additionally take concrete steps to counter China’s aggressive affect campaigns, impose crippling financial prices if Beijing takes hostile motion towards Taiwan (reminiscent of monetary, banking, visa and different sanctions) and reform American bureaucratic practices to bolster assist for Taiwan’s democratic authorities. In quick, this effort can be the most complete restructuring of U.S. coverage towards Taiwan since the Taiwan Relations Act of 1979.