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Taiwan Allies Fund Act: Supporting International Relations and Countering Coercion.

This act establishes a fund to support countries maintaining relations with Taiwan, especially those facing pressure from China. It aims to strengthen Taiwan's international standing and provide alternatives to Chinese influence, indirectly impacting global stability and economic security.
Key points
Creation of the Taiwan Allies Fund with an annual budget of $40 million for fiscal years 2026-2028.
Financial support for countries that maintain official or strengthened unofficial relations with Taiwan and are under Chinese pressure.
Funds can be used for health initiatives, strengthening civil society, diversifying supply chains, and providing alternatives to Chinese development assistance.
A limit of $5 million per year for any single recipient country.
Requirement for coordination with Taiwan and encouragement for Taiwan to co-contribute to assistance.
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Status: Placed on Calendar
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Additional Information
Print number: 119_S_1216
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2025-03-31