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Strengthening Taiwan's Defense and US Security

This act aims to bolster Taiwan's defense capabilities by accelerating arms sales and streamlining military cooperation. It also modifies US policy to better deter potential threats. For citizens, this means potential increased stability in the region, but also possible financial involvement in military aid.
Key points
Accelerated Arms Sales to Taiwan: Facilitating and prioritizing military equipment sales to enable Taiwan to respond faster to threats.
Joint Defense Planning: Establishing a military cooperation mechanism between the US and Taiwan for better preparation for future scenarios.
Ammunition Fund: Creating a special fund to ensure the availability of critical munitions for Taiwan and allies.
Restrictions for Companies: Companies contracting with the US Department of Defense will be prohibited from doing business with entities controlled by the Chinese government.
Increased Weapon Production: Measures aimed at increasing the number of suppliers and production levels of weapons for US and Taiwan stockpiles.
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Additional Information
Print number: 118_HR_5072
Sponsor: Rep. Banks, Jim [R-IN-3]
Process start date: 2023-07-28