Washington, DC – Today, the Financial Services Committee passed the Taiwan Non-Discrimination Act (H.R. 540), which was introduced by U.S. Representatives Young Kim (CA-40) and Rep. Al Green (TX-09) to support Taiwan’s participation in the International Monetary Fund (IMF).
Rep. Kim spoke during the markup in support of H.R. 540. Watch here.
“The 21st largest economy in the world and the 10th largest goods trading partner of the United States, Taiwan has proven to be a friend in freedom and in global health security and deserves a seat at the IMF,” said Kim. “The Taiwan Non-Discrimination Act will help us right this wrong and take action to ensure the Chinese Communist Party does not silence Taiwan’s voice and suppress its freedoms any longer. I thank Rep. Green for joining me in introducing this bill and my Financial Services Committee colleagues for supporting this effort. I will fight to get this across the finish line and will always be a loud voice in support of democracies and our freedom-loving allies.”
The bipartisan Taiwan Non-Discrimination Act would ensure the U.S. governor of the IMF advocates for:
- Taiwan’s admission into the IMF as a member;
- Taiwan’s participation in the IMF’s regular surveillance activities relating to Taiwan’s economic and financial policies;
- Employment opportunities at the IMF for Taiwan nationals; and,
- Taiwan’s ability to receive IMF technical assistance and training.
Last Congress, Rep. Kim led a bipartisan bill, which became law in May 2022, to restore Taiwan’s observer status in the World Health Organization and World Health Assembly.
