II 118th CONGRESS 2d Session S. 3861 IN THE SENATE OF THE UNITED STATES March 5, 2024 Mr. Cornyn (for himself, Mr. Coons , Mr. Cassidy , and Ms. Cortez Masto ) introduced the following bill; which was read twice and referred to the Committee on Foreign Relations A BILL To terminate the United States-People's Republic of China Income Tax Convention if the People's Liberation Army initiates an armed attack against Taiwan.

1. Conditional termination of the United States-People's Republic of China Income Tax Convention (a) In general The Secretary of the Treasury shall provide written notice to the People's Republic of China through diplomatic channels of the United States' intent to terminate the United States-The People’s Republic of China Income Tax Convention, done at Beijing April 30, 1984 and entered into force January 1, 1987, as provided by Article 28 of the Convention, not later than 30 days after the President notifies the Secretary of the Treasury that the People’s Liberation Army has initiated an armed attack against the Republic of China (commonly known as Taiwan ). (b) Congressional notification The President shall submit written notification of a termination described in subsection (a) to— (1) the Committee on Foreign Relations of the Senate ; and (2) the Committee on Finance of the Senate .