Taiwan Allies Fund Act

Key Points

• This bill, introduced by Senator Van Hollen, would create a special fund to help countries that maintain diplomatic or strong unofficial ties with Taiwan. It authorizes $40 million each year from 2026 through 2028 to support these nations and prevent Taiwan from being isolated by the Chinese government.
• The money is specifically for countries that are being pressured or intimidated by China because of their relationship with Taiwan. To receive the funds, a country must show it lacks the economic or political power to resist this pressure on its own. No single country can receive more than $5 million from this fund in a year.
• The funds would be used for several key goals, such as improving local healthcare, strengthening independent media and community groups, and helping businesses move their supply chains away from China. It also aims to provide these nations with alternatives to Chinese government loans and technology infrastructure.
• The State Department and other federal agencies would manage the program. They are encouraged to coordinate with Taiwan to make sure the money is used efficiently and to ensure that Taiwan is also contributing its own fair share of aid to these partner nations.

Impact Analysis

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