Whereas Taiwan is a democratic success story, an economic success story, a key part of global technology supply chains, and a close security partner of the United States; Whereas the United States has pursued a robust unofficial partnership with Taiwan within the context of the current one-China policy of the United States; Whereas the Taiwan Relations Act ( 22 U.S.C. 3301 et seq. ) has played an important role in promoting democracy and prosperity in Taiwan, peace and security in the Taiwan Strait, and close relations between the United States and Taiwan since 1979; Whereas Taiwan is the eighth-largest trading partner of the United States, United States exports of goods and services to Taiwan support at least 188,000 American jobs, and Taiwan’s cumulative investment in the United States is at least $13,700,000,000; Whereas the United States has ongoing economic dialogues with Taiwan that cover a range of trade, technology, and investment issues through the Trade and Investment Framework Agreement Council led by the United States Trade Representative, the U.S.-Taiwan Economic Prosperity Partnership Dialogue led by the Department of State, and the Technology, Trade, and Investment Collaboration framework led by the Department of Commerce; Whereas the Biden Administration announced the U.S.-Taiwan Initiative on 21st Century Trade on June 1, 2022; Whereas the United States has income tax treaties with 66 countries, including the People’s Republic of China, and has agreements with other parties, including Taiwan, related to taxation, such as facilitating implementation of the Foreign Account Tax Compliance Act; Whereas Taiwan is the United States largest trading partner with whom we do not have an income tax treaty; Whereas Taiwan has income tax agreements with 34 countries, including countries that have trade agreements with the United States and do not maintain diplomatic relations with Taiwan