3.0.0 6974 2023-01-11T13:42:51Z 2023-01-11T13:42:51Z House HR 2020-05-22 116 [Congressional Record Volume 166, Number 97 (Friday, May 22, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GONZALEZ of Ohio:H.R. 6974.Congress has the power to enact this legislation pursuantto the following:Article I, Sec. 8 Make all laws which shall be necessaryand proper for carrying into Execution the foregoing Powers,and all other Powers vested by this Constitution in theGovernment of the United States.[Page H2278]]]> hsba00 Financial Services Committee House Standing Referred to 2020-05-22T15:03:15Z 2020-05-22 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-05-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-05-22 Introduced in House IntroReferral 1000 9 Library of Congress G000588 Rep. Gonzalez, Anthony [R-OH-16] Anthony Gonzalez R OH 16 N International Affairs Asia China Congressional oversight International monetary system and foreign exchange International organizations and cooperation Multilateral development programs Rule of law and government transparency Sovereignty, recognition, national governance and status Taiwan Travel and tourism International Affairs 00 2020-05-22 Introduced in House 2020-06-29T14:22:08Z Taiwan Non-Discrimination Act of 2020

This bill requires actions to improve Taiwan's standing in international financial institutions such as the International Monetary Fund (IMF).

The U.S. Governor of the IMF shall oppose any increase in China's IMF quota unless certain conditions are met. (A country's quota generally reflects its economic strength and affects factors such as that country's voting power within the IMF.)

Specifically, the governor shall oppose such a quota increase unless the Department of the Treasury reports to Congress that (1) the IMF is considering admitting Taiwan as a member, (2) Taiwan enjoys meaningful participation in the IMF, or (3) not opposing a quota increase will substantially support the objective of securing Taiwan's more equitable treatment in international financial institutions. (Taiwan is not a member of the IMF due to China's opposition, based on its position that Taiwan is part of China and not a separate country.)

Treasury shall instruct U.S. representatives at international financial institutions to oppose travel policies that impose conditions on Taiwan as a destination or transit point, if such conditions do not generally apply to a member of the institution as a destination or transit point. Treasury may waive this instruction if such a waiver (1) substantially supports the goal of improving Taiwan's position within that institution, or (2) is in U.S. national interest.

]]> Taiwan Non-Discrimination Act of 2020 Display Title Taiwan Non-Discrimination Act of 2020 Official Title as Introduced To require the Secretary of the Treasury to pursue more equitable treatment of Taiwan at the international financial institutions, and for other purposes. Introduced in House IH Short Title(s) as Introduced Taiwan Non-Discrimination Act of 2020 Introduced in House IH Introduced in House 2020-05-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6974ih/xml/BILLS-116hr6974ih.xml 2020-05-22 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.