Expressing the sense of the Senate on the value of a tax agreement with Taiwan.

recognizes the importance of Taiwan’s security and prosperity to the United States own security and prosperity;

encourages the President to begin negotiations on an income tax agreement with Taiwan;

encourages the President and the House of Representatives to work with the Senate on a congressional-executive agreement to establish an income tax agreement between the United States and Taiwan, consistent with United States commitments under the Taiwan Relations Act (22 U.S.C. 3301 et seq.); and

encourages the President to proactively seek other ways to increase trade, technology, and investment ties between the United States and Taiwan.