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Senate Urges Tax Agreement Negotiations with Taiwan to Boost Trade.

The US Senate expresses support for initiating negotiations on an income tax agreement with Taiwan. The primary goal is to reduce double taxation, thereby facilitating increased bilateral trade and investment. This move is intended to boost economic efficiency and potentially support or create more American jobs.
Key points
Encourages the President to start negotiations for an income tax agreement to eliminate double taxation on income for businesses and individuals.
Expected benefit: increased trade and investment, supporting American jobs and economic growth.
Taiwan is currently the largest US trading partner without a comprehensive income tax treaty.
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Status:
Expired
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Additional Information
Print number: 118_SRES_91
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2023-03-02
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

A resolution expressing the sense of the Senate on the value of a tax agreement with Taiwan.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_SRES_91.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-02.

What are the main provisions?

Key points include:

  • Encourages the President to start negotiations for an income tax agreement to eliminate double taxation on income for businesses and individuals.
  • Expected benefit: increased trade and investment, supporting American jobs and economic growth.
  • Taiwan is currently the largest US trading partner without a comprehensive income tax treaty.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Van Hollen, Chris [D-MD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Economy