OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Taiwan Non-Discrimination Act of 2023

Floor Speech

Date: Jan. 10, 2024
Location: Washington, DC

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Mr. LUETKEMEYER. Mr. Speaker, I thank the chairman for yielding and thank him for managing the floor today. I was supposed to do that, and I got stuck in a snowstorm and slid all the way here, but I am here and glad to be here.

Before us today are a number of bills that originated in the National Security, Illicit Finance, and International Financial Institutions Subcommittee which I chair. I commend the sponsors for their diligent commitment to crafting meaningful policy.

Congressman Meuser's China Exchange Rate Transparency Act of 2023 will provide much-needed transparency to China's use of tools to impact the exchange rate, and their actions to threaten the core mission of the IMF.

Ensuring China plays by the same rules of the road as everyone else has been and will continue to be a focus of my National Security, Illicit Finance, and International Financial Institutions Subcommittee.

H.R. 803, the PROTECT Taiwan Act, has been a project dutifully undertaken by Congressman Lucas. This legislation will send an unwavering message that if the Xi Jinping regime is seeking to provoke a war in Taiwan, China will face a new reality, exclusion from the international community. I thank Congressman Lucas for this strong bipartisan solution to China's aggression.

Finally, as we heard from Vice Chair Congresswoman Kim, H.R. 540, the Taiwan Non-Discrimination Act of 2023, will ensure that Taiwan's voice is properly heard at the IMF. Ultimately, the decision to apply for membership into the IMF, and subsequently the World Bank and other international financial institutions, belongs to Taiwan. However, if they so choose to apply, the United States should be unequivocally supportive.

I thank the gentlewoman for her unwavering support to defend Taiwan and ensuring that the international financial institutions which my subcommittee oversees prioritize Taiwan policy at the IMF. I also thank Chairman McHenry for his work on the full committee.

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