,i #aah? ,,congress #a/ ,session ,h4 ,r4 #dgbi ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #ai1 #bjbc ,mr4 ,connolly 7= himself1 ,mr4 ,mc,caul1 ,mr4 ,meeks1 ,mr4 ,b>r1 ,mr4 ,b]a1 ,mr4 ,res*5?al]1 ,mr4 ,gallego1 ,mrs4 ,wagn]1 ,mr4 ,/anton1 ,mr4 ,curtis1 ,mrs4 ,kim ( ,cali=nia1 & ,mr4 ,fallon7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committee on ,rules1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to au?orize negotiation & conclusion & to provide = congressional consid]ation ( a tax agreem5t betwe5 ! ,am]ican ,in/itute 9 ,taiwan 7,,ait7 & ! ,taipei ,economic & ,cultural ,repres5tative ,(fice 7,,tecro74 #a4 ,%ort title ,?is ,act may be cit$ z ! ,taiwan ,tax ,agreem5t ,act ( #bjbc4 #b4 ,f9d+s ,congress makes ! foll[+ f9d+s3 7#a7 ,! ,unit$ ,/ates has ent]$ into tax treaties cov]+ #fe jurisdictions1 :i* facilitate economic activity1 /r5g!n bilat]al coop]ation1 & b5efit ,unit$ ,/ates bus9esses & o!r ,unit$ ,/ates taxpay]s4 7#b7 ,taiwan is a "o ( ! l>ge/ trad+ p>tn]s ( ! ,unit$ ,/ates & "o ( ! _w's l>ge/ economies1 & fur!r bol/]+ economic ties betwe5 ! ,unit$ ,/ates & ,taiwan rema9s critical1 especially giv5 ,taiwan's /rategic importance & ! increas+ ?reat pos$ by ! ,p's ,republic ( ,*9a4 7#c7 ,a tax agreem5t ) ,taiwan w\ld play a key role 9 facilitat+ & promot+ increas$ bilat]al inve/m5t & trade betwe5 ! ,unit$ ,/ates & ,taiwan1 =tify+ ! relation%ip betwe5 ! two m g5]ally1 & enc\rag+ o!r nations to increase _! economic l9kages to ,taiwan4 #c4 ,au?orization to negotiate & conclude 7a7 ,9 g5]al ,! ,presid5t is au?oriz$ to negotiate & ent] into a tax agreem5t relative to ,taiwan ?r\gh ! ,am]ican ,in/itute 9 ,taiwan 7,,ait7 7h]e9aft] ! ,agreem5t74 7b7 ,elem5ts ( agreem5t ,! ,agreem5t au?oriz$ to be negotiat$ & conclud$ "u ?is section %all con=m ) ! provisions cu/om>ily conta9$ 9 ,unit$ ,/ates bilat]al income tax conv5tions1 z exemplifi$ by ! #bjaf ,unit$ ,/ates ,model ,income ,tax ,conv5tion1 & %all include ! foll[+ elem5ts3 7#a7 ,application to tax resid5ts ( ! ,unit$ ,/ates1 ,taiwan1 or bo?1 exclusive ( ent]prises headqu>t]$ 9 ! ,p's ,republic ( ,*9a or 9 ?ird /ates t d n h a compreh5sive income tax treaty ) ! ,unit$ ,/ates4 7#b7 ,relief f d\ble taxation4 7#c7 ,measures aim$ at limit+ ! risk ( tax evasion or avoidance4 7#d7 ,entry into =ce condition$ ^u confirmation by ! ,presid5t ( approval by ! ,unit$ ,/ates ,congress1 z describ$ 9 section #e1 & relevant au?ority 9 ,taiwan & necess>y /eps tak5 to enable implem5tation4 7c7 ,limitation ,! ,agreem5t au?oriz$ to be negotiat$ & conclud$ "u ?is section may n include elem5ts outside ! scope ( ! #bjaf ,unit$ ,/ates ,model ,income ,tax ,conv5tion4 #d4 ,consultation 7a7 ,notification ^u comm5cem5t ( negotiations ,! ,presid5t %all provide writt5 notification to ! appropriate congressional committees ( ! comm5cem5t ( negotiations betwe5 ,,ait & ,,tecro on ! ,agreem5t at lea/ #ae cal5d> days be=e su* comm5cem5t4 7b7 ,brief+s ,n lat] ?an #ij days aft] comm5cem5t ( negotiations on ! ,agreem5t1 & e #ahj days !reaft] until conclusion ( ! ,agreem5t1 ! ,presid5t %all provide a brief+ to ! appropriate congressional committees provid+ an update on ! /atus ( negotiations1 includ+ a description ( elem5ts "u negotiation4 7c7 ,consultations dur+ negotiations ,9 ! c\rse ( negotiations conduct$ "u ! au?orities ( ?is ,act1 ! ,secret>y ( ! ,treasury1 9 coord9ation ) ! ,secret>y ( ,/ate1 %all-- 7#a7 meet1 ^u reque/1 ) ! ,*airman or ,rank+ ,memb] ( ! appropriate congressional committees reg>d+ negotiat+ objectives & ! /atus ( negotiations 9 progress2 & 7#b7 consult closely1 on a timely basis1 & keep fully appris$ ( ! negotiations1 ! appropriate congressional committees4 #e4 ,approval ( ! ,agreem5t 7a7 ,submission ( agreem5t ,n lat] ?an #ahj days aft] ! ,agreem5t is conclud$1 ! ,secret>y ( ,/ate %all provide ! ,agreem5t & te*nical explanation to ! appropriate congressional committees4 7b7 ,approval ,! ,agreem5t %all n take effect until aft] ,congress passes a concurr5t resolution ( approval z describ$ 9 subsection 7c74 7c7 ,t]ms ( concurr5t resolution ( approval 7#a7 ,9 g5]al ,= purposes ( subsection 7b71 ! t]m concurr5t resolution ( approval means only a concurr5t resolution-- 7,a7 :i* does n h a preamble2 7,b7 :i* includes 9 ! matt] aft] ! resolv+ clause ! foll[+3 ,t ,congress approves ! ,tax ,agreem5t conclud$ betwe5 ! ,am]ican ,in/itute 9 ,taiwan & ! ,taipei ,economic & ,cultural ,repres5tative ,(fice1 z submitt$ by ! ,presid5t on 41 ! blank space be+ fill$ 9 ) ! appropriate date2 & 7,c7 ! title ( :i* is z foll[s3 ,concurr5t resolution approv+ ! ,tax ,agreem5t conclud$ betwe5 ! ,am]ican ,in/itute 9 ,taiwan & ! ,taipei ,economic & ,cultural ,repres5tative ,(fice44 7#b7 ,ref]ral ,a resolution describ$ 9 ?is subsection t is introduc$ 9 ! ,s5ate %all be ref]r$ to ! ,committee on ,=eign ,relations ( ! ,s5ate4 ,a resolution describ$ 9 ?is subsection t is introduc$ 9 ! ,h\se ( ,repres5tatives %all be ref]r$ to ! ,committee on ,=eign ,affairs ( ! ,h\se ( ,repres5tatives4 #f4 ,entry into =ce & legal effect ( ! ,agreem5t 7a7 ,entry into =ce ,^u passage ( ! concurr5t resolution ( approval1 ! ,presid5t may br+ ! ,agreem5t into =ce4 7b7 ,legal effect ,^u entry into =ce1 ! ,agreem5t %all be af=d$ ! same treatm5t z a treaty = purposes ( ! laws ( ! ,unit$ ,/ates4 #g4 ,appropriate congressional committees def9$ ,9 ?is section1 ! t]m appropriate congressional committees means ! ,committee on ,=eign ,relations & ! ,committee on ,f9ance ( ! ,s5ate & ! ,committee on ,=eign ,affairs & ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives4