Crapo, Wyden, Smith and Neal Announce Bipartisan, Bicameral Legislation to Approve First Taiwan Trade Initiative Agreement

June 09,2023

Washington D.C.– U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chairman Ron Wyden (D-Oregon), along with U.S. House Ways and Means Committee Chairman Jason Smith (R-Missouri) and Ranking Member Richard Neal (D-Massachusetts), announced legislation to approve the first trade agreement signed under the U.S.-Taiwan Initiative on 21st-Century Trade, and set robust transparency and consultation requirements for any future agreements negotiated under the initiative.

Given Congress’s constitutional authority over international trade, this approval bill is necessary to ensure that the agreement can enter into force and become a durable, reliable legal framework for both the United […]

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