,,ii ,cal5d> ,no4 #ajc #aai? ,,congress 
#a/ ,session  ,h4 ,r4 #iaj  ,,9 ,,!     
,,s5ate ,,( ,,! ,,unit$ ,,/ates  ,june  
#bd1 #bjbe,receiv$2 read twice & plac$  
on ! cal5d>  ,,an ,,act  ,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 ( #bjbe4  #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 ! #ba/ 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  7#ad7 ,on ,octob] #bf1 #bjba1   
,secret>y ( ,/ate ,antony ,bl9k5 issu$ a
 /atem5t 9 support ( ,taiwan's robu/1   
mean+ful p>ticipation 9 ! ,unit$        
,nations sy/em1 :i* includes ! ,,imf1 ! 
,_w ,bank1 & o!r specializ$ ,unit$      
,nations ag5cies4 ,secret>y ( ,/ate     
,bl9k5 not$1 ,z ! int]national community
 faces an unprec$5t$ numb] ( complex &  
global issues1 x is critical = all      
/akehold]s to help address ^! problems4 
,?is includes ! #bd million p :o live 9 
,taiwan4 ,taiwan's mean+ful p>ticipation
 9 ! ,,un sy/em is n a political issue1 

b a pragmatic "o44 ,he cont9u$1         
,taiwan's exclusion und]m9es ! important
 "w ( ! ,,un & its relat$ bodies1 all ( 
:i* /& to b5efit greatly f its          
contributions44  7#ae7 ,9 ,octob] #bjbd1
 ,taiwan ann\nc$ x w\ld seek ,,imf      
memb]%ip1 ) ! ,taipei ,economic &       
,cultural ,repres5tative ,(fice 9 !     
,unit$ ,/ates /at+1 ,taiwan's memb]%ip  
at ! ,,imf w\ld help boo/ f9ancial      
resili5ce44  #c4 ,s5se ( ! ,congress ,x 
is ! s5se ( ! ,congress t-- 7#a7 ! size1
 significance1 & connect$ness ( !       
,taiwanese economy highlight !          
importance ( great] p>ticipation by     
,taiwan 9 ! ,int]national ,monet>y      
,fund1 giv5 ! purposes ( ! ,fund        
articulat$ 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 ,support = ,taiwan admission to ! 

,,imf  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 vigor\sly support--    
7#a7 ! admission ( ,taiwan z a memb] ( !
 ,fund1 to ! ext5t t admission is s\ght 
by ,taiwan2  7#b7 p>ticipation by       
,taiwan 9 regul> surveillance activities
 ( ! ,fund ) respect to ! economic &    
f9ancial policies ( ,taiwan1 consi/5t ) 
,article ,,iv consultation proc$ures ( !
 ,fund2  7#c7 employm5t opportunities = 
,taiwan nationals1 )\t reg>d to any     
consid]ation t1 9 ! det]m9ation ( !     
,unit$ ,/ates ,gov]nor1 does n g5]ally  
re/rict ! employm5t ( nationals ( memb] 
c\ntries ( ! ,fund2 &  7#d7 ! ability ( 
,taiwan to receive appropriate te*nical 
assi/ance & tra9+ by ! ,fund4  7b7      
,unit$ ,/ates policy ,x is ! policy ( ! 
,unit$ ,/ates n to disc\rage or o!rwise 
det] ,taiwan f seek+ admission z a memb]
 ( ! ,fund4  7c7 ,waiv] ,! ,secret>y ( !
 ,treasury may waive any requirem5t (   

subsection 7a7 = up to #a ye> at a "t on
 report+ to ,congress t provid+ ! waiv] 
w sub/antially promote ! objective (    
secur+ ! mean+ful p>ticipation ( ,taiwan
 at ea* int]national f9ancial in/itution
 7z def9$ 9 section #agja7;c77#b7 ( !   
,int]national ,f9ancial ,in/itutions    
,act 7#bb ,u4,s4,c4 #bfbr7c77#b7774  7d7
 ,sunset ,?is section %all h no =ce or  
effect on ! e>li] (-- 7#a7 ! date (     
approval by ! ,bo>d ( ,gov]nors ( !     
,fund = ! admission ( ,taiwan z a memb] 
( ! ,fund2 or  7#b7 ! date t is #aj ye>s
 aft] ! date ( ! enactm5t ( ?is ,act4   
#e4 ,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* ,act 7#bb ,u4,s4,c4 

#bfbr7c77#b7774  ,pass$ ! ,h\se (       
,repres5tatives ,june #bc1 #bjbe4,kev9  
,f4 ,mc,cumber1,cl]k4  ,june #bd1       
#bjbe,receiv$2 read twice & plac$ on !  
cal5d>