1. Short title This Act may be cited as the Taiwan Democracy Defense Lend-Lease Act of 2023 . 2. Loan and lease of defense articles to Government of Taiwan (a) Authority To lend or lease defense articles to Government of Taiwan (1) Authority Notwithstanding section 503(b)(3) of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2311(b)(3) ) or section 61 of the Arms Export Control Act ( 22 U.S.C. 2796 ), the President may lend or lease defense articles to the Government of Taiwan to assist in the bolstering of the defensive capabilities of such Government or the protection of the citizen population of Taiwan from potential aggression carried out by the People’s Liberation Army of China against Taiwan (including through one or more of the means described in paragraph (2)) if, as a condition of such loan or lease, the President requires— (A) the payment by the Government of Taiwan of the cost of restoring or replacing the defense article, in the case that the defense article is damaged