H.R. 910: Taiwan Non-Discrimination Act of 2025

This bill, titled the Taiwan Non-Discrimination Act of 2025, seeks to ensure fair treatment for Taiwan in international financial institutions, such as the International Monetary Fund (IMF). Here are the key components of the bill:

Purpose and Findings

The bill outlines several findings that emphasize Taiwan's significant role in the global economy. It states that:

• Taiwan is the 21st largest economy and the 10th largest goods trading partner of the United States.
• Though Taiwan is not a member of the IMF, it is involved in other international organizations, such as the World Trade Organization and the Asian Development Bank.
• The U.S. supports Taiwan's continued participation in international organizations where statehood is not required.

Support for Taiwan's IMF Admission

The bill mandates that the United States' representative at the IMF should actively support:

• The admission of Taiwan as a member of the IMF, provided that Taiwan seeks such membership.
• Taiwan’s involvement in the IMF's economic surveillance and policymaking processes.
• Employment opportunities for Taiwanese nationals within the IMF.
• Technical assistance and training from the IMF for Taiwan.

U.S. Policy Stance

The legislation establishes U.S. policy as one that will not discourage Taiwan from pursuing its IMF membership. The Secretary of the Treasury has the authority to waive certain requirements related to this support if it helps promote Taiwan's meaningful participation in international financial institutions.

Reporting Requirements

In the next seven years, the Secretary of the Treasury must report on the efforts made by the U.S. to support Taiwan's participation in international financial institutions each time the Secretary is required to provide testimony before Congress.

Duration

The provisions regarding support for Taiwan's IMF membership will be in effect until either Taiwan is admitted as a member of the IMF or ten years have passed since the law's enactment.

Relevant Companies

• AAPL (Apple Inc.): As a major player in the technology sector, Apple has significant business and supply chain ties to Taiwan.
• TSM (Taiwan Semiconductor Manufacturing Company): TSMC is crucial for global semiconductor supply and could benefit from increased recognition and participation in financial institutions.
• NVDA (NVIDIA Corporation): As a key player in graphics processing and AI, NVIDIA relies on semiconductor supply from Taiwan and might see changes in its business environment due to this bill.