1. Short title This Act may be cited as the Taiwan Peace through Strength Act of 2023 . 2. Anticipatory policy planning and annual review of United States war plans to defend Taiwan (a) In general Not later than 180 days after the date of the enactment of this Act, and annually thereafter, the Secretary of Defense shall conduct a classified review of United States war plans to defend Taiwan and share the results of the review with the Chairman and Ranking Member of the Committee on Armed Services of the Senate and the Committee on Armed Services of the House of Representatives. (b) Elements The review conducted under subsection (a) shall include the following elements: (1) An assessment of Taiwan's current and near-term capabilities and United States force readiness and the adequacy of United States conflict contingency plans. (2) A comprehensive assessment of risks to the United States and United States interests, including readiness shortfalls that pose strategic risk. (3) A review of indicators of the near-term likelihood of the use of force by the People's Liberation Army against Taiwan. (4) The compilation of a pre-approved list of military capabilities, including both asymmetric and traditional capabilities selected to suit the operational environment and to allow Taiwan to respond effectively to a variety of contingencies across all phases of conflict involving the People’s Liberation Army, that the Secretary of Defense has pre-cleared for Taiwan to acquire, and that would reduce the threat of conflict, thwart an invasion, and mitigate other risks to the United States and Taiwan. 3. Fast-tracking sales to Taiwan under foreign military sales program (a) Preclearance of certain foreign military sales items (1) In general Not later than 1 year after the date of the enactment of this Act, and annually thereafter, the Secretary of State, in coordination with the Secretary of Defense and in conjunction with relevant coordinating entities, such as the National Disclosure Policy Committee and the Arms Transfer