Washington, DC – Today, the House of Representatives passed the Taiwan Non-Discrimination Act (H.R. 540), which was introduced by U.S. Representatives Young Kim (CA-40) and Al Green (TX-09) to support Taiwan’s participation in the International Monetary Fund (IMF).
Rep. Kim spoke on the House floor in support of H.R. 540. Watch HERE.
“As the 21st largest economy in the world, 10th largest trading partner of the United States, and a proven friend in freedom and global health security, Taiwan deserves a seat at the IMF. We cannot stand idly by as the Chinese Communist Party silences Taiwan in international organizations,” said Rep. Kim. “The Taiwan Non-Discrimination Act will solidify Taiwan’s rightful place on the global stage and expand opportunities for collaboration and economic growth by joining the IMF. I am proud this bipartisan bill just passed the House, and I thank my colleagues for joining me to support Taiwan in the IMF. I will keep fighting to get this bill signed into law and will always be a voice in support of our freedom-loving allies and democracy around the globe.”
“I am proud to join Congresswoman Young Kim as the co-lead of H.R. 540, the Taiwan Non-Discrimination Act. I strongly support Taiwan’s admission into the International Monetary Fund. With one of the strongest economies in the world, Taiwan would provide an invaluable benefit to the IMF and the global economy as a whole. I am proud to offer bipartisan support for this bill, which would strengthen our geopolitical relationship with Taiwan and further advance its economic growth. With this bill, Congress recognizes the importance of Taiwan’s inclusion into one of the most critical financial institutions in the world as a means of expanding global economic progress as well as democratic values,” said Rep. Green.
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.
