The Senate Foreign Relations Committee approved legislation aimed at supporting the security of Taiwan and its right of self-determination in a 17-5 bipartisan vote on Sept. 14.
The Taiwan Policy Act of 2022, a bill introduced by Sen. Robert Menendez, (D-N.J.) and Sen. Lindsey Graham (R-S.C.), would provide Taiwan with $4.5 billion through a foreign military financing initiative through 2026.
The Act also proposed to include the island as a major non-NATO ally to facilitate arms sales, and assess free-trade agreements to enhance economic development and cooperation with Taiwan.
It’s unclear whether the Biden administration would support it, but Menendez described the bill as “the most comprehensive restructuring of U.S. policy towards Taiwan since the Taiwan Relations Act (TRA) of 1979,” reported the Central News Agency based in Taiwan….