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Taiwan Allies Fund: $120 Million to Counter China's Diplomatic Coercion.

This law authorizes $120 million over three years (FY 2025-2027) to support countries maintaining diplomatic ties with Taiwan that face economic pressure from China. The funding aims to strengthen their economic resilience, diversify supply chains, and provide alternatives to Chinese development assistance and technology. While allocating taxpayer funds, the goal is to stabilize the Indo-Pacific region, which supports US economic and security interests.
Key points
Authorizes $40 million annually for three years to assist nations supporting Taiwan and resisting coercion from the People's Republic of China (PRC).
Funds will be used to diversify global supply chains, support independent media, and offer alternatives to PRC infrastructure and development projects.
The aid is capped at $5 million per country per year, focusing on building capacity in smaller, vulnerable nations.
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Additional Information
Print number: 118_HR_8358
Sponsor: Rep. Krishnamoorthi, Raja [D-IL-8]
Process start date: 2024-05-10