1. Short title This Act may be cited as the Taiwan Security Act of 2017 . 2. Findings Congress makes the following findings: (1) Since 1949, the close relationship between the United States and Taiwan has been of enormous benefit to both parties. (2) The security of Taiwan and its democracy are key elements for the continued peace and stability of the greater Asia-Pacific region, and the indefinite continuation of that security is in the vital national security interests of the United States. (3) Taiwan and its diplomatic partners continue to face sustained pressure and coercion from the People’s Republic of China to isolate Taiwan from the international community. (4) The military balance of power along the Taiwan Strait continues to shift in favor of the People's Republic of China, which is currently engaged in a comprehensive military modernization campaign to enhance the power-projection capabilities of the People's Liberation Army. (5) Since the United States discontinued annual arms sales talks in 2001, defense article transfers to Taiwan have ceased to occur in a routine manner. (6) Recent delays, denials, and reductions of arms sales do not optimize the ability of Taiwan to defend its democracy against potential aggression from the People’s Republic of China. 3. Military exchanges between the United States and Taiwan (a) Military exchanges between senior officers and officials of the United States and Taiwan The Secretary of Defense shall carry out a program of exchanges of senior military officers and senior officials between the United States and Taiwan designed to improve military to military relations between the United States and Taiwan. (b) Exchanges described For the purposes of this section, an exchange is an activity, exercise, event, or observation opportunity between members of the Armed Forces and officials of the Department of Defense, on the one hand, and armed forces personnel and officials of Taiwan, on the other hand. (c) Focus of exchanges The exchanges under the program required by