Taiwan Defense Lend-Lease Act: Expediting Military Aid Against Aggression
This Act grants the U.S. President authority to quickly lend or lease defense articles to Taiwan to bolster its defensive capabilities and protect its civilian population from potential aggression by China. While primarily a foreign policy and security measure, its goal is to maintain regional stability, which indirectly impacts global supply chains and economic security relevant to U.S. citizens. Taiwan is required to cover the costs of restoring, replacing, or procuring services related to this equipment.
Key points
Bolstering Taiwan's Defense: The U.S. President can lend or lease military equipment to Taiwan to aid in defense against naval blockades, amphibious assaults, missile strikes, or other military operations by China.
Cost Requirements for Taiwan: The Government of Taiwan must pay for the cost of restoring damaged equipment or the replacement cost of lost or destroyed defense articles.
Financing Services: The U.S. may finance defense and construction services related to the equipment, with Taiwan required to repay the value plus interest within 12 years.
Expedited Delivery: The Act mandates establishing expedited procedures to ensure the timely delivery of loaned or leased defense articles to Taiwan.
Expired
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