A bill calling for Taiwan’s accession to the International Monetary Fund (IMF), dubbed the “Taiwan Non-Discrimination Act,” was passed by a unanimous 48–0 vote by the House Financial Services Committee on March 5.
The bill, first introduced to the committee by Reps. Young Kim (R-Calif.) and Al Green (D-Texas) on Feb. 5, seeks to ensure that the U.S. actively promotes Taiwan’s admission to the International Monetary Fund amid China’s ongoing “lack of cooperation.”
The bill will now proceed to be debated by the House of Representatives before it is potentially put up for a vote by the full chamber.
China’s ruling communist party (CCP) views Taiwan as its own territory to be taken by force from the Republic of China’s government if necessary. To pressure the self-ruled democracy to accept CCP rule, the regime has tried to isolate Taiwan on the international stage and bar its inclusion in international organizations….