Requires the U.S. Governor of the International Monetary Fund to support Taiwan's admission as an IMF member and its participation in the Fund's economic surveillance, employment, and technical assistance, and requires the Treasury Secretary to report on U.S. efforts to support Taiwan's participation at international financial institutions.

• Directs the U.S. Governor of the IMF to use the U.S. voice and vote to support Taiwan's admission as a member, to the extent Taiwan seeks it
• Calls for support of Taiwan's participation in IMF Article IV surveillance, employment opportunities for Taiwan nationals, and technical assistance and training
• Allows the Treasury Secretary to waive these requirements for up to 1 year at a time upon reporting to Congress
• Requires the Treasury Secretary to describe U.S. efforts on Taiwan's participation in each international financial institution in testimony for the next 7 years; the section expires 10 years after enactment or upon IMF approval of Taiwan's membership, whichever is earlier

• Foreign Relations Committee (Senate)

International Affairs