,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #figd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #bb1 #bjbj,mr4   
,gonzalez ( ,ohio introduc$ ! foll[+    
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to      
require ! ,secret>y ( ! ,treasury to    
pursue m equitable treatm5t ( ,taiwan at
 ! int]national f9ancial in/itutions1 & 
= o!r purposes4  #a4 ,%ort title ,?is   
,act may be cit$ z ! ,taiwan            
,non-,discrim9ation ,act ( #bjbj4  #b4  
,f9d+s ,! ,congress f9ds z foll[s3 7#a7 
,z en%r9$ 9 its ,articles ( ,agreem5t1 !
 ,int]national ,monet>y ,fund 7,,imf7 is
 devot$ to promot+ int]national monet>y 
coop]ation1 facilitat+ ! expansion &    
balanc$ gr[? ( int]national trade1      
enc\rag+ ex*ange /ability1 & avoid+     
competitive ex*ange depreciation4  7#b7 
,taiwan is ! #bbnd l>ge/ economy 9 ! _w 
& ! #aj? l>ge/ goods trad+ p>tn] ( !    
,unit$ ,/ates4  7#c7 ,al?\gh ,taiwan is 
n an ,,imf memb]1 x is a memb] ( ! ,_w  
,trade ,organization1 ! ,asian          

,developm5t ,bank1 & ! ,asia-,pacific   
,economic ,coop]ation =um4  7#d7        
,accord+ to ! ,janu>y #bjbj ,report on  
,macroeconomic & ,=eign ,ex*ange        
,policies ( ,major ,trad+ ,p>tn]s ( !   
,unit$ ,/ates1 publi%$ by ! ,dep>tm5t ( 
! ,treasury1 ,taiwan held               
#dga1ijj1jjj1jjj 9 =eign ex*ange        
res]ves1 m ?an major economies su* z    
,india1 ,s\? ,korea1 & ,brazil4  7#e7   
,accord+ to section #d7;d7 ( ! ,taiwan  
,relations ,act 7,public ,law #if-h71   
enact$ on ,april #aj1 #aigi1 ,no?+ 9 ?is
 ,act may be con/ru$ z a basis =        
support+ ! exclusion or expulsion (     
,taiwan f cont9u$ memb]%ip 9 any        
int]national f9ancial in/itution or any 
o!r int]national organization44  7#f7   
,taiwan held memb]%ip 9 ! ,,imf = #i    
ye>s foll[+ ! recognition ( ! ,p's      
,republic ( ,*9a 7,,prc7 by ! ,unit$    
,nations1 & #af ,taiwan /aff memb]s at !
 ,fund 7 all[$ to cont9ue _! employm5t  
aft] ! ,,prc 0 seat$ at ! ,,imf 9 #aihj4
 ,z ,james ,m4 ,b\ghton has not$ 9 8    

,sil5t ,revolution3 ,! ,int]national    
,monet>y ,fund #aigi-aihi1 ev5 z ! ,,prc
 0 seat$1 ! ,unit$ ,/ates ,executive    
,director to ! ,,imf1 ,sam ,y4 ,cross1  
express$ support on behalf ( ! ,unit$   
,/ates gov]nm5t = "s k9d ( association  
betwe5 ,taiwan & ! ,fund4  7#g7 ,on     
,septemb] #bg1 #aiid1 9 te/imony be=e ! 
,s5ate ,committee on ,=eign ,relations  
reg>d+ ! #aiid ,taiwan ,policy ,review1 
!n-,assi/ant ,secret>y ( ,/ate = ,ea/   
,asian & ,pacific ,affairs ,w9/on ,"l   
/at$3 ,recogniz+ ,taiwan's important    
role 9 transnational issues1 we w       
support its memb]%ip 9 organizations :]e
 /atehood is n a pr]equisite1 & we w    
support opportunities = ,taiwan's voice 
to be he>d 9 organizations :]e its      
memb]%ip is n possible44  7#h7 ,!       
,congress has repeat$ly reaffirm$       
support = ?is policy1 includ+ 9 ,public 
,laws #ajg-aj1 #ajg-aeh1 #ajh-bh1       
#ajh-bce1 #aac-ag1 & #aad-aci1 & !      
unanim\s ,h\se & ,s5ate passage ( !     
,taiwan ,allies ,int]national           

,protection & ,enhancem5t ,initiative   
7,,taipei7 ,act ( #bjai4  7#i7 ,9 its   
fact %eet1 entitl$ ,u4,s4 ,relations )  
,taiwan1 publi%$ on ,augu/ #ca1 #bjah1 !
 ,dep>tm5t ( ,/ate ass]ts3 ,! ,unit$    
,/ates supports ,taiwan's memb]%ip 9    
int]national organizations t d n require
 /atehood z a condition ( memb]%ip &    
enc\rages ,taiwan's mean+ful            
p>ticipation 9 int]national             
organizations :]e its memb]%ip is n     
possible44  7#aj7 ,accord+ to !         
,articles ( ,agreem5t ( ! ,,imf1        
memb]%ip %all be op5 to o!r c\ntries1   
subject to conditions prescrib$ by !    
,bo>d ( ,gov]nors ( ! ,,imf4  7#aa7 ,9 !
 ,,imf publication ,memb]%ip &          
,nonmemb]%ip 9 ! ,int]national ,monet>y 
,fund3 ,a ,/udy 9 ,int]national ,law &  
,organization1 ,joseph ,gold1 !         
!n-,g5]al ,c\nsel & ,director ( ! ,legal
 ,dep>tm5t ( ! ,,imf1 elaborat$ on !    
diff]5ces betwe5 ! t]ms c\ntries &      
/ates1 not+ t ! ^w c\ntry may h be5     
adopt$ because ( ! abs5ce ( agreem5t on 

! def9ition ( a /ate &1 ) respect to !  
use ( c\ntries & applications = ,,imf   
memb]%ip1 ! abs5ce ( any adjective 9 !  
,articles emphasizes ! bread? ( !       
discretion t ! ,fund may ex]cise 9      
admitt+ c\ntries to memb]%ip4 ,accord+  
to ,mr4 ,gold1 ! desire to give ! ,fund 
flexibility 9 deal+ ) applications may  
expla9 n only ! abs5ce ( any adjective t
 qualifies c\ntries b also ! *oice ( t  
^w itself4  7#ab7 ,9 8 ,,imf /udy1 ,mr4 
,gold fur!r obs]ves1 9 ! practice ( !   
,fund ! concepts ( indep5d5ce &         
sov]eignty h be5 avoid$ on ! :ole z a   
mode ( express+ a crit]ion = memb]%ip 9 
! ,fund4 ,he cont9ues1 ,al?\gh ! ,fund  
usually takes into acc\nt ! recognition 
or nonrecognition ( an entity z a /ate1 
!re are no rules or ev5 in=mal und]/&+s 
on ! ext5t to :i* an applicant mu/ h be5
 recogniz$ by memb]s or o!r int]national
 organizations be=e ! ,fund w reg>d x z 
eligible = memb]%ip44 ,9 fact1 :5       
consid]+ an application = memb]%ip :]e !
 /atus ( an applicant may n be resolv$1 

,mr4 ,gold writes !re h be5 occasions on
 :i* ! ,fund has made a f9d+ be=e       
decisions _h be5 tak5 by ! ,unit$       
,nations or by mo/ memb]s or by memb]s )
 a majority ( ! total vot+ p[]4 ,mr4    
,gold concludes1 ! ,fund makes its own  
f9d+s on :e!r an applicant is a c\ntry1 
& makes !m solely = its own purposes44  
7#ac7 ,al?\gh n a memb] /ate ( ! ,unit$ 
,nations1 ! ,republic ( ,kosovo is a    
memb] ( bo? ! ,,imf & ! ,_w ,bank1 hav+ 
jo9$ bo? organizations on ,june #bi1    
#bjji4  #c4 ,s5se ( ! ,congress ,x is ! 
s5se ( ! ,congress t-- 7#a7 ! size1     
significance1 & connect$ness ( ! ,taiwan
 economy highlight ! importance ( great]
 p>ticipation by ,taiwan 9 !            
,int]national ,monet>y ,fund1 giv5 !    
purposes ( ! ,fund articulat$ 9 its     
,articles ( ,agreem5t2 &  7#b7 !        
exp]i5ce ( ,taiwan 9 develop+ a vibrant 
& advanc$ economy "u democratic         
gov]nance & ! rule ( law %\ld in=m ! "w 
( ! int]national f9ancial in/itutions1  
includ+ ?r\gh increas$ p>ticipation by  

,taiwan 9 ! in/itutions4  #d4 ,condition
 on ,,imf quota increase = ! ,p's       
,republic ( ,*9a  7a7 ,9 g5]al ,! ,unit$
 ,/ates ,gov]nor ( ! ,int]national      
,monet>y ,fund 79 ?is section ref]r$ to 
z ! ,fund7 %all use ! voice & vote ( !  
,unit$ ,/ates to oppose1 & may n cons5t 
to1 an increase 9 ! quota ( ! ,p's      
,republic ( ,*9a 9 ! ,fund1 unless !    
,secret>y ( ! ,treasury reports to !    
,congress t-- 7#a7 ! ,bo>d ( ,gov]nors (
 ! ,fund is consid]+ admission ( ,taiwan
 z a memb] ( ! ,fund1 pursuant to !     
recomm5dation ( ! ,bo>d ( ,executive    
,directors ( ! ,fund2 or  7#b7 ,taiwan  
enjoys mean+ful p>ticipation 9 ! ,fund1 
includ+ ?r\gh-- 7,a7 p>ticipation 9     
regul> surveillance activities ( ! ,fund
 ) respect to ! economic & f9ancial     
policies ( ,taiwan1 consi/5t ) ,article 
,,iv consultation proc$ures ( ! ,fund2  
7,b7 employm5t opportunities = ,taiwan  
nationals1 )\t reg>d to any consid]ation
 t1 9 ! det]m9ation ( ! ,secret>y1 does 
n g5]ally re/rict ! employm5t (         

nationals ( memb] c\ntries ( ! ,fund2 & 
7,c7 ! ability to receive appropriate   
te*nical assi/ance & tra9+ by ! ,fund4  
7b7 ,waiv] ,! ,secret>y ( ! ,treasury   
may waive subsection 7a7 ( ?is section )
 respect to a proposal on report+ to !  
,congress t provid+ ! waiv] w           
sub/antially promote ! objective (      
secur+ m equitable treatm5t ( ,taiwan at
 ea* int]national f9ancial in/itution 7z
 def9$ 9 section #agja7;c77#b7 ( !      
,int]national ,f9ancial ,in/itutions    
,act74  7c7 ,sunset ,?is section %all h 
no =ce or effect beg9n+ ) ! date t is #g
 ye>s aft] ! date ( ! enactm5t ( ?is    
,act4  #e4 ,ensur+ non-discrim9ation )  
respect to travel policies at !         
int]national f9ancial in/itutions  7a7  
,9 g5]al ,! ,secret>y %all in/ruct !    
,unit$ ,/ates ,executive ,director at   
ea* int]national f9ancial in/itution to 
use ! voice & vote ( ! ,unit$ ,/ates to 
ensure t ! travel policies & proc$ures (
 ! respective in/itution ) respect to   
,taiwan z a de/9ation or transit po9t d 

n impose any adm9i/rative conditions1   
includ+ ?r\gh re/rictions on logi/ical  
arrangem5ts or meet+ p>ticipants1 t d n 
g5]ally apply to a memb] c\ntry ( !     
in/itution z a de/9ation or transit     
po9t1 except z requir$ tempor>ily =     
reasons ( public safety or public heal?4
  7b7 ,def9itions ,9 ?is section3 7#a7  
,int]national f9ancial in/itution ,! t]m
 int]national f9ancial in/itution has ! 
mean+ giv5 ! t]m 9 section #agja7;c77#b7
 ( ! ,int]national ,f9ancial            
,in/itutions ,act4  7#b7 ,secret>y ,!   
t]m ,secret>y means ! ,secret>y ( !     
,treasury4  7c7 ,waiv] ,! ,secret>y may 
waive subsection 7a7 ) respect to an    
int]national f9ancial in/itution = up to
 #a ye> at a "t on report+ to !         
,congress t provid+ ! waiv]-- 7#a7 w    
sub/antially promote ! objective (      
secur+ m equitable treatm5t ( ,taiwan at
 ! int]national f9ancial in/itution2 or 
7#b7 is 9 ! national int]e/ ( ! ,unit$  
,/ates1 ) a detail$ explanation ( !     
reasons !re=4  7d7 ,progress report ,!  

,*airman ( ! ,national ,advisory ,c\ncil
 on ,int]national ,monet>y & ,f9ancial  
,policies %all submit to ! ,congress an 
annual report t describes ! progress    
made 9 advanc+ ! travel policies &      
proc$ures describ$ 9 subsection 7a71 &  
may consolidate t report ) ! annual     
report requir$ by section #agja ( !     
,int]national ,f9ancial ,in/itutions    
,act or any o!r report requir$ to be    
submitt$ to ! ,secret>y4  7e7 ,sunset   
,?is section %all h no =ce or effect    
beg9n+ ) ! e>li] (-- 7#a7 ! date t is #g
 ye>s aft] ! date ( ! enactm5t ( ?is    
,act2 or  7#b7 ! date on :i* ! ,secret>y
 reports to ! ,congress t ea*           
int]national f9ancial in/itution has    
adopt$ ! travel policies & proc$ures    
describ$ 9 subsection 7a74  #f4         
,te/imony requirem5t ,9 ea* ( ! next #g 
ye>s 9 :i* ! ,secret>y ( ! ,treasury is 
requir$ by section #agje7;b7 ( !        
,int]national ,f9ancial ,in/itutions    
,act to pres5t te/imony1 ! ,secret>y    
%all include 9 ! te/imony a description 

( ! ef=ts ( ! ,unit$ ,/ates to support !
 greate/ p>ticipation practicable by    
,taiwan at ea* int]national f9ancial    
in/itution 7z def9$ 9 section           
#agja7;c77#b7 ( su* ,act74