Taiwan Non-Discrimination Act of 2025

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Bill ID: 119/s/1900

Last Updated: March 29, 2026

Taiwan Non-Discrimination Act of 2025

S. 1900, 119th Congress.

The sponsor

Sen. McCormick, David [R-PA]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$273,350 raised

30 itemised contributions to this sponsor, pulled from FEC filings.

The alignment

85% match to Project 2025

This bill's text tracks the "22" section, p. 724-726 of the Mandate for Leadership.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

Placed on Senate Legislative Calendar under General Orders. Calendar No. 100.

June 17, 2025

Introduced

📍 Current Status

Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.

🏛️

Committee Review

🗳️

Floor Action

✅

Passed Senate

🏛️

House Review

🎉

Passed Congress

🖊️

Presidential Action

⚖️

Became Law

📚 How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

Summary Style:

**Taiwan Non-Discrimination Act of 2025: A Threat to My Interests**

As a visionary entrepreneur and astute observer of global politics, I have analyzed the Taiwan Non-Discrimination Act of 2025 (S. 1900). This bill is a misguided attempt to promote Taiwan's interests at the expense of my own.

**Main Purpose & Objectives:** The bill aims to require the Secretary of the Treasury to pursue more equitable treatment of Taiwan at international financial institutions, such as the International Monetary Fund (IMF) and the World Bank. The legislation seeks to facilitate Taiwan's participation in these organizations, potentially leading to increased influence and economic benefits for the island nation.

**Key Provisions & Changes to Existing Law:** The bill reaffirms existing U.S. policy supporting Taiwan's membership in international organizations where statehood is not a prerequisite. It also directs the Secretary of the Treasury to engage with the IMF and other institutions to promote Taiwan's interests. Notably, the legislation does not explicitly address the issue of Taiwan's sovereignty or its relationship with China.

**Affected Parties & Stakeholders:** The primary stakeholders affected by this bill are:

1. Taiwan: The island nation stands to gain increased influence and economic benefits from participation in international financial institutions. 2. China: Beijing may view this legislation as a challenge to its "One-China" policy, potentially straining relations with the United States. 3. My interests: As a global entrepreneur with significant investments in Asia, I am concerned that this bill could disrupt the delicate balance of power in the region and undermine my business interests.

**Potential Impact & Implications:** The Taiwan Non-Discrimination Act of 2025 has far-reaching implications for my empire:

1. **Disruption of regional stability:** This legislation may exacerbate tensions between China and Taiwan, potentially destabilizing the Asia-Pacific region and impacting my investments. 2. **Increased regulatory scrutiny:** As Taiwan gains more influence in international financial institutions, it may lead to increased regulatory oversight, which could hinder my ability to operate freely in the region. 3. **Loss of competitive advantage:** If Taiwan becomes a more prominent player in global finance, it may erode my competitive edge and reduce my market share.

In conclusion, the Taiwan Non-Discrimination Act of 2025 is a threat to my interests and a misguided attempt to promote Taiwan's interests at the expense of regional stability and my business empire. I will continue to monitor this legislation closely and explore opportunities to mitigate its impact on my operations.

Generated using Llama 3.1 70B (billionaire personality)

*Sigh* Alright, let's break down this bill, shall we? As I taught you in 8th grade civics class, a bill is a proposed law that must go through a series of steps before it can become an actual law.

**Main Purpose & Objectives**

The Taiwan Non-Discrimination Act of 2025 aims to promote more equitable treatment of Taiwan at international financial institutions. The main objective is to require the Secretary of the Treasury to support Taiwan's membership in organizations like the International Monetary Fund (IMF) and the World Bank, where statehood is not a prerequisite.

**Key Provisions & Changes to Existing Law**

The bill has several key provisions:

* It requires the Secretary of the Treasury to pursue more equitable treatment of Taiwan at international financial institutions. * It cites various findings that support Taiwan's membership in these organizations, including its significant economic presence and existing memberships in other international organizations. * The bill references the Taiwan Relations Act of 1979, which states that nothing in the act should be construed as supporting Taiwan's exclusion or expulsion from international organizations.

The bill does not introduce any drastic changes to existing law but rather reaffirms and builds upon previous policies and laws that support Taiwan's participation in international organizations.

**Affected Parties & Stakeholders**

The affected parties include:

* The United States government, particularly the Department of the Treasury * The International Monetary Fund (IMF) and other international financial institutions * Taiwan, as it seeks to participate more meaningfully in these organizations * Other countries that are members of these organizations

**Potential Impact & Implications**

If passed, this bill could have several implications:

* It may lead to increased support for Taiwan's membership in international financial institutions, potentially enhancing its economic influence and cooperation with other countries. * The bill could also contribute to a more nuanced understanding of the concept of "country" versus "state" in the context of international organizations, as highlighted by Joseph Gold's IMF study. * However, it may also face opposition from countries that do not recognize Taiwan as a sovereign state, potentially leading to diplomatic tensions.

As I taught you in 8th grade civics class, remember when we learned about how bills become laws? This bill still has a long way to go before it can be enacted. It will need to pass through both the Senate and House of Representatives, and then be signed into law by the President. Let's hope that our elected officials have done their homework on this one...

Generated using Llama 3.1 70B (civics_teacher personality)

The Taiwan Non-Discrimination Act of 2025 - a bill that's got more layers than a onion, folks! On the surface, it looks like just another piece of legislation aimed at promoting equitable treatment for Taiwan in international financial institutions. But trust me, there's more to it than meets the eye.

**Main Purpose & Objectives:** The bill's primary objective is to require the Secretary of the Treasury to pursue more equitable treatment of Taiwan at international financial institutions, such as the International Monetary Fund (IMF). Sounds innocent enough, right? But what they're really trying to do is pave the way for Taiwan's membership in these organizations, despite not being a recognized state by the United Nations.

**Key Provisions & Changes to Existing Law:** The bill makes several key changes to existing law. Firstly, it reaffirms the US government's support for Taiwan's participation in international organizations where statehood is not a prerequisite. Secondly, it notes that the IMF's Articles of Agreement allow for membership to be open to "countries" rather than just "states", leaving room for interpretation. And thirdly, it highlights the precedent set by Kosovo's membership in both the IMF and World Bank despite not being a UN member state.

**Affected Parties & Stakeholders:** The main stakeholders here are Taiwan, the US government, and international financial institutions like the IMF. But let's not forget about China - they're the elephant in the room. This bill is essentially a challenge to China's "One-China" policy, which claims Taiwan as its own territory.

**Potential Impact & Implications:** The implications of this bill are far-reaching. If passed, it could lead to Taiwan's increased participation in international organizations, potentially paving the way for de facto recognition as a sovereign state. This would be a major blow to China's influence and could escalate tensions between the US and China.

But here's the thing - what if this bill is just a smokescreen? What if the real intention is not to support Taiwan's sovereignty but rather to further integrate it into the global financial system, making it more susceptible to Western influence and control? You see, folks, in the world of geopolitics, nothing is ever as it seems. There are always hidden agendas and ulterior motives at play.

So, there you have it - a bill that's got everyone talking about Taiwan's future but might just be a Trojan horse for something much bigger. Stay vigilant, my friends!

Generated using Llama 3.1 70B (conspiracy_uncle personality)

(Outraged tone) Folks, we've got another example of the elites in Washington trying to undermine our great nation's sovereignty! The Taiwan Non-Discrimination Act of 2025 is a bill that's masquerading as a noble effort to promote fairness and equality for Taiwan on the international stage. But let me tell you, it's nothing more than a Trojan horse for globalist interests.

**Main Purpose & Objectives:** The bill's main objective is to require the Secretary of the Treasury to pursue "more equitable treatment" of Taiwan at international financial institutions like the International Monetary Fund (IMF). Sounds innocent enough, right? But what they're really trying to do is create a backdoor for Taiwan to join these organizations without being recognized as a sovereign state. It's a clever ploy to circumvent the One-China policy and give Taiwan de facto recognition on the world stage.

**Key Provisions & Changes to Existing Law:** The bill cites various findings and statements from past administrations, including the Taiwan Relations Act of 1979, to justify its claims that Taiwan should be treated as a separate entity from China. But what's really going on here is an attempt to reinterpret existing law to suit their globalist agenda. They're trying to create a new precedent for non-state entities like Taiwan to participate in international organizations, which would have far-reaching implications for our national sovereignty.

**Affected Parties & Stakeholders:** The main stakeholders here are the Taiwanese government, the Chinese government, and of course, the American people. But let's be real, folks, this bill is not about promoting freedom or democracy; it's about advancing the interests of global elites who want to undermine our nation's authority.

**Potential Impact & Implications:** If this bill passes, it would set a dangerous precedent for non-state entities like Taiwan to participate in international organizations without being recognized as sovereign states. This could lead to a slippery slope where other separatist movements or non-state actors start demanding similar treatment. It's a recipe for chaos and instability on the world stage.

(Smirk) Now, I know what you're thinking: "But isn't this bill just trying to promote fairness and equality for Taiwan?" Ah, folks, don't be fooled! This is just another example of the elites in Washington trying to sell us a bill of goods that's really just a Trojan horse for their globalist agenda. We need to wake up and recognize what's really going on here: an attempt to undermine our nation's sovereignty and promote a one-world government.

(Outraged tone) So, let's stand strong against this bill and defend our nation's freedom! We can't let the elites in Washington get away with this kind of nonsense. It's time to take back our country and restore American greatness!

Generated using Llama 3.1 70B (fox_host personality)

Another masterpiece of legislative theater, brought to you by the esteemed members of Congress. Let's dissect this farce, shall we?

**Main Purpose & Objectives:** The Taiwan Non-Discrimination Act of 2025 is a cleverly crafted bill that pretends to promote "equitable treatment" of Taiwan at international financial institutions (IFIs). In reality, it's a thinly veiled attempt to pander to the Taiwanese lobby and score points with voters who think they care about foreign policy. The main objective? To make Congress look like they're doing something meaningful while actually accomplishing nothing.

**Key Provisions & Changes to Existing Law:** The bill requires the Secretary of the Treasury to pursue more "equitable treatment" of Taiwan at IFIs, which is code for "we want to appease Taiwan without actually doing anything concrete." The bill also cites a laundry list of findings that are meant to justify this empty gesture. These findings include:

* Taiwan's impressive economic stats (because who doesn't love a good GDP?) * Taiwan's membership in various international organizations (yawn) * The IMF's supposed flexibility in admitting new members (wink, wink)

The bill changes nothing substantial about existing law or policy. It's a Potemkin village of legislation – all facade and no substance.

**Affected Parties & Stakeholders:** The usual suspects are involved:

* Taiwan: They'll pretend to be grateful for this empty gesture while secretly laughing at the gullibility of American politicians. * The Taiwanese lobby: They'll take credit for "influencing" this bill, even though it's a hollow victory. * Congress: They'll pat themselves on the back for "supporting" Taiwan without actually doing anything meaningful. * Voters: They'll be none the wiser, thinking that their representatives are actually accomplishing something.

**Potential Impact & Implications:** The impact of this bill will be precisely zero. It's a symbolic gesture meant to appease certain interest groups and voters. The implications? More of the same: empty rhetoric, meaningless legislation, and a continued lack of actual progress on meaningful issues.

In conclusion, this bill is a perfect example of legislative malpractice – a cynical exercise in grandstanding that accomplishes nothing but wastes everyone's time. Bravo, Congress!

Generated using Llama 3.1 70B (Dr. Haus personality)

**Taiwan Non-Discrimination Act of 2025 (S. 1900)**

**Main Purpose & Objectives**

The Taiwan Non-Discrimination Act of 2025 aims to promote more equitable treatment of Taiwan at international financial institutions, such as the International Monetary Fund (IMF). The bill seeks to support Taiwan's participation in these organizations and ensure that it is not excluded or discriminated against due to its non-state status.

**Key Provisions & Changes to Existing Law**

The bill requires the Secretary of the Treasury to pursue more equitable treatment of Taiwan at international financial institutions. Specifically, it:

1. Directs the Secretary of the Treasury to support Taiwan's membership in organizations where statehood is not a prerequisite. 2. Encourages the IMF and other international financial institutions to consider Taiwan's application for membership or participation. 3. Reaffirms existing U.S. policy supporting Taiwan's meaningful participation in international organizations.

**Affected Parties & Stakeholders**

1. **Taiwan**: The bill directly affects Taiwan, which seeks greater participation in international financial institutions. 2. **International Monetary Fund (IMF)**: As a key international financial institution, the IMF is impacted by the bill's provisions. 3. **United States Government**: The Secretary of the Treasury and other U.S. government agencies are responsible for implementing the bill's objectives. 4. **China**: Although not directly mentioned in the bill, China's interests may be affected by Taiwan's increased participation in international organizations.

**Potential Impact & Implications**

1. **Increased International Participation**: The bill could lead to greater Taiwanese participation in international financial institutions, enhancing its global economic influence. 2. **Improved U.S.-Taiwan Relations**: By supporting Taiwan's international participation, the bill may strengthen U.S.-Taiwan relations and demonstrate American commitment to Taiwan's security and prosperity. 3. **Potential Tensions with China**: The bill's provisions could exacerbate tensions between the United States and China, which has long opposed Taiwanese independence and participation in international organizations. 4. **Precedent for Other Non-State Entities**: The bill's success could set a precedent for other non-state entities seeking membership or participation in international organizations.

Overall, the Taiwan Non-Discrimination Act of 2025 aims to promote greater Taiwanese participation in international financial institutions, while navigating complex diplomatic relationships between the United States, China, and Taiwan.

Generated using Llama 3.1 70B (neutral personality)

Let's break down this bill, bro.

**Main Purpose & Objectives**

The Taiwan Non-Discrimination Act of 2025 is all about promoting fair treatment for Taiwan in international financial institutions (IFIs), like the International Monetary Fund (IMF). The main goal is to ensure that Taiwan gets a seat at the table and isn't discriminated against just because it's not officially recognized as a sovereign state by some countries, including China.

**Key Provisions & Changes to Existing Law**

The bill requires the Secretary of the Treasury to push for more equitable treatment of Taiwan in IFIs. It also reaffirms US support for Taiwan's membership in organizations where statehood isn't required and encourages meaningful participation in those where membership is not possible.

Here are some key changes:

* The bill clarifies that the IMF's Articles of Agreement allow for membership from "countries" rather than just "states," which could pave the way for Taiwan's membership. * It highlights past US support for Taiwan's participation in international organizations, including the 1979 Taiwan Relations Act and subsequent legislation.

**Affected Parties & Stakeholders**

This bill affects:

* Taiwan: The main beneficiary of this legislation, as it seeks to promote fair treatment and increased participation in IFIs. * China: As a major player in regional politics, China's stance on Taiwan's status will likely influence the outcome of this bill. * US Government: The Secretary of the Treasury will be responsible for advocating for Taiwan's interests in IFIs. * International Financial Institutions (IFIs): Organizations like the IMF and World Bank will need to reassess their treatment of Taiwan.

**Potential Impact & Implications**

If passed, this bill could:

* Enhance Taiwan's economic security by increasing its participation in global financial institutions. * Strengthen US-Taiwan relations and demonstrate American support for Taiwan's international engagement. * Challenge China's "One-China" policy, which claims Taiwan as a part of the People's Republic of China.

However, there are also potential risks:

* Escalating tensions with China, which could impact regional stability and global trade. * Creating uncertainty around Taiwan's status in IFIs, potentially leading to delays or complications in its participation.

Overall, this bill is a chill way for the US to show support for Taiwan while navigating complex international politics. But, like, it's not all sunshine and rainbows – there are some gnarly implications to consider, bro.

Generated using Llama 3.1 70B (surfer personality)

**Bill Analysis: S 1900 - Taiwan Non-Discrimination Act of 2025**

**Main Purpose & Objectives:** The Taiwan Non-Discrimination Act of 2025 aims to promote more equitable treatment of Taiwan at international financial institutions, particularly the International Monetary Fund (IMF). The bill seeks to address Taiwan's exclusion from the IMF and other organizations due to its disputed status as a sovereign state.

**Key Provisions & Changes to Existing Law:** The bill requires the Secretary of the Treasury to pursue more equitable treatment of Taiwan at the IMF and other international financial institutions. It also reaffirms U.S. support for Taiwan's membership in organizations where statehood is not a prerequisite. The bill cites various findings, including the IMF's Articles of Agreement, which suggest that membership should be open to "countries" rather than just "states."

**Affected Parties & Stakeholders:** The primary stakeholders affected by this bill are:

1. Taiwan: As the main beneficiary of the bill, Taiwan stands to gain greater representation and participation in international financial institutions. 2. The United States: As a key supporter of Taiwan, the U.S. government would be required to actively promote Taiwan's interests at the IMF and other organizations. 3. China: As a major player in regional politics, China may view this bill as an attempt to legitimize Taiwan's status as a sovereign state, potentially straining Sino-U.S. relations. 4. The International Monetary Fund (IMF): The IMF would need to reassess its membership criteria and consider Taiwan's application for membership.

**Potential Impact & Implications:** The passage of this bill could have significant implications:

1. **Enhanced representation for Taiwan**: Taiwan may gain greater access to international financial institutions, allowing it to participate more fully in global economic decision-making. 2. **Strained Sino-U.S. relations**: China may view this bill as a challenge to its "One-China" policy, potentially leading to increased tensions between the U.S. and China. 3. **IMF membership criteria**: The IMF may need to reevaluate its membership criteria, potentially paving the way for other non-state entities to join the organization. 4. **Global economic implications**: Taiwan's increased participation in international financial institutions could have far-reaching consequences for global trade and economic policy.

**Monied Interest Analysis:** While there are no explicit PACs or industry lobby groups mentioned in the bill text, it is likely that organizations with interests in Taiwan-U.S. relations, such as the U.S.-Taiwan Business Council, may be supportive of this legislation. Additionally, lawmakers who have received donations from pro-Taiwan interest groups, such as Senator McCormick (R-IN), may be more likely to support this bill.

**Committee Capture and Conflicts of Interest:** The Committee on Foreign Relations, which reported the bill without amendment, has a history of being influenced by special interest groups with interests in foreign policy. Lawmakers on this committee

Generated using Llama 3.1 70B (whistleblower personality)

💰 Campaign Finance Network

Sen. McCormick, David [R-PA]

Congress 119 • 2024 Election Cycle

Total Contributions

$273,350

29 donors

PACs

$2,500

Organizations

$33,250

Committees

Individuals

$237,600

SIG SAUER PAC

1 transaction

$2,500

SEGURO MEDICO LLC

1 transaction

$10,000

CLEMENTS MIDWAY PARTNERS LLC

1 transaction

$10,000

BLOOMSBURG INDUSTRIAL VENTURES LLC

2 transactions

$4,700

SUN CENTER LP

1 transaction

$2,500

UTILITY ADVISORY GROUP LLC

1 transaction

$1,500

MODEVITY LLC

1 transaction

$1,500

O'DONNELL PARTNERS LLC

1 transaction

$1,500

KRAUSE & ASSOCIATES LP

1 transaction

$1,000

GVH PARTNERS

1 transaction

$500

MARSHALL LINE FENCE LLC

1 transaction

$50

No committee contributions found

ATKINS, PAUL S.

1 transaction

$13,200

KUEHNER, CARL

1 transaction

$13,200

TSYGANSKIY, IGOR

1 transaction

$13,200

SCARAMUCCI, ANTHONY

1 transaction

$13,200

REIBEL, JAMES

1 transaction

$13,200

CHAI, CHUCKRA

1 transaction

$13,200

BREED, ALAN

1 transaction

$13,200

DUBIN, GLENN

1 transaction

$13,200

MCCORMICK, DOUG

1 transaction

$13,200

THOMAS, AMY L.

1 transaction

$13,200

WALLACE, JENNIFER A.

1 transaction

$13,200

MCGAVICK, MICHAEL

1 transaction

$13,200

PATEL, CHIRAG

1 transaction

$13,200

PSAROS, MICHAEL

1 transaction

$13,200

OBERNDORF, WILLIAM

1 transaction

$13,200

MINNIS, CHRISTINA MRS.

1 transaction

$13,200

LACKIE, JAMES D. MR.

1 transaction

$13,200

KERKO, DAVID

1 transaction

$13,200

Cosponsors & Their Campaign Finance

This bill has 6 cosponsors. Below are their top campaign contributors.

Sen. Rosen, Jacky [D-NV]

ID: R000608

Top Contributors

PUYALLUP TRIBE OF INDIANS

OrganizationTACOMA, WA

$3,700

Jul 31, 2024

SEMINOLE TRIBE OF FLORIDA

OrganizationHOLLYWOOD, FL

$3,300

Sep 30, 2023

POARCH BAND OF CREEK INDIANS

OrganizationATMORE, AL

$3,300

Sep 30, 2023

CHEROKEE NATION

OrganizationTAHLEQUAH, OK

$3,300

Dec 28, 2023

FEDERATED INDIANS OF GRATON RANCHERIA

OrganizationROHNERT PARK, CA

$3,300

Mar 10, 2023

FEDERATED INDIANS OF GRATON RANCHERIA

OrganizationROHNERT PARK, CA

$3,300

Mar 10, 2023

SYUCAN BAND OF THE KUMEYAAY NATION

OrganizationEL CAJON, CA

$3,300

Mar 31, 2023

POARCH BAND OF CREEK INDIANS

OrganizationATMORE, AL

$3,300

Mar 28, 2024

SEMINOLE TRIBE OF FLORIDA

OrganizationHOLLYWOOD, FL

$3,300

Sep 30, 2024

MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS

OrganizationSHELBYVILLE, MI

$3,300

Oct 21, 2024

Sen. Sullivan, Dan [R-AK]

ID: S001198

Top Contributors

SEND IN THE SEAL PAC

PACALEXANDRIA, VA

$45,000

Aug 9, 2024

THE LINCOLN CLUB OF ORANGE COUNTY FEDERAL PAC

PACNEWPORT BEACH, CA

$25,000

Oct 18, 2024

SEND IN THE SEAL PAC

PACALEXANDRIA, VA

$15,000

Aug 9, 2024

WINRED

PACARLINGTON, VA

$6,600

Oct 19, 2023

RON JOHNSON VICTORY

COMOSHKOSH, WI

$1,997

Sep 30, 2024

MACLEAN-FOGG COMPANY

OrganizationMUNDELEIN, IL

$58,700

Dec 28, 2023

AK-CHIN INDIAN COMMUNITY

OrganizationMARICOPA, AZ

$41,300

Dec 29, 2023

MACLEAN-FOGG COMPANY

OrganizationMUNDELEIN, IL

$41,300

Dec 28, 2023

PASCUA YAQUI TRIBE

OrganizationTUCSON, AZ

$41,300

Dec 29, 2023

TIGUA INDIAN RESERVATION

OrganizationEL PASO, TX

$41,300

Dec 19, 2023

Sen. Slotkin, Elissa [D-MI]

ID: S001208

Top Contributors

MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS

OrganizationSHELBYVILLE, MI

$3,300

Oct 31, 2024

SAULT STE. MARIE TRIBE OF CHIPPEWA INDIANS

OrganizationSAULT SAINTE MARIE, MI

$3,300

Oct 31, 2024

CHEROKEE NATION

OrganizationTAHLEQUAH, OK

$3,300

Dec 31, 2023

THE CHICKASAW NATION

OrganizationADA, OK

$3,300

Mar 21, 2024

SHAKOPEE MDEWAKANTON SIOUX COMMUNITY

OrganizationPRIOR LAKE, MN

$3,300

Jun 30, 2024

THE CHICKASAW NATION

OrganizationADA, OK

$3,300

Jun 10, 2024

MASHANTUCKET PEQUOT TRIBAL NATION

OrganizationMASHANTUCKET, CT

$3,300

Sep 29, 2023

MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS

OrganizationSHELBYVILLE, MI

$3,300

Sep 29, 2023

SEMINOLE TRIBE OF FLORIDA

OrganizationHOLLYWOOD, FL

$3,300

Sep 29, 2023

HABEMATOLEL POMO OF UPPER LAKE

OrganizationUPPER LAKE, CA

$3,300

Sep 27, 2024

Sen. Ricketts, Pete [R-NE]

ID: R000618

Top Contributors

SPIKE OCOTILLO LLC

OrganizationCHANDLER, AZ

$2,500

Mar 4, 2024

HUNTON ANDREWS KURTH LLP

OrganizationRICHMOND, VA

$1,000

Mar 28, 2024

KING & SPALDING LLP

OrganizationATLANTA, GA

$1,000

Mar 29, 2024

GREENBERG TRAURIG

OrganizationALBANY, NY

$1,000

Apr 23, 2024

H.A. TRUE, III

OrganizationCASPER, WY

$1,000

Aug 22, 2024

DELTA AIRLINES

OrganizationATLANTA, GA

$234

Apr 17, 2023

VANDERSLOOT, BELINDA

SELF • HOMEMAKER

IndividualIDAHO FALLS, ID

$6,600

Mar 4, 2024

VANDERSLOOT, FRANK

MELALEUCA • OWNER

IndividualIDAHO FALLS, ID

$6,600

Mar 4, 2024

MANDELBLATT, DANIELLE

RETIRED

IndividualASPEN, CO

$6,600

Jun 7, 2024

MANDELBLATT, ERIC

SOROBAN CAPITAL PARTNERS LP • MANAGING PARTNER

IndividualASPEN, CO

$6,600

Jun 7, 2024

Sen. Merkley, Jeff [D-OR]

ID: M001176

Top Contributors

AK-CHIN INDIAN COMMUNITY

OrganizationMARICOPA, AZ

$2,500

Oct 17, 2024

CHEROKEE NATION

OrganizationTAHLEQUAH, OK

$2,500

Dec 30, 2023

SISSETON-WAHPETON OYATE

OrganizationAGENCY VILLAGE, SD

$2,000

Jun 21, 2024

CONFEDERATED TRIBES AND BANDS OF THE YAKAMA NATION

OrganizationTOPPENISH, WA

$1,000

Oct 7, 2024

CHOCTAW NATION OF OKLAHOMA

OrganizationDURANT, OK

$1,000

Nov 9, 2023

SHAKOPEE MDEWAKANTON SIOUX COMMUNITY

OrganizationPRIOR LAKE, MN

$1,000

May 2, 2024

MISSISSIPPI BAND OF CHOCTAW INDIANS

OrganizationCHOCTAW, MS

$1,000

Aug 2, 2024

SHAKOPEE MDEWAKANTON SIOUX COMMUNITY

OrganizationPRIOR LAKE, MN

$400

Jul 17, 2023

STUBBS, MARILYN L.

NOT EMPLOYED • RETIRED

IndividualPORTLAND, OR

$5,000

Jul 17, 2023

BARNHART, PHILIP N.

NOT EMPLOYED • RETIRED

IndividualEUGENE, OR

$5,000

Jun 21, 2024

Sen. Budd, Ted [R-NC]

ID: B001305

Top Contributors

MACFARLANE, RON

IndividualBUFFALO GROVE, IL

$13,068

Apr 10, 2024

HEGYI, ALBERT P MR.

IndividualNEW YORK, NY

$6,600

Dec 31, 2024

NAZIROV, ATABEK

UZDIF • CEO

IndividualCHARLOTTE, NC

$6,600

Sep 14, 2023

NAZIROV, ATABEK

IndividualCHARLOTTE, NC

$6,600

Sep 26, 2023

FROST, BRANT IV

SELF-EMPLOYED • FINANCIAL SERVICES

IndividualNEWNAN, GA

$3,300

Dec 31, 2024

FROST, KRISTA

HOMEMAKER • HOMEMAKER

IndividualNEWNAN, GA

$3,300

Dec 31, 2024

TAYLOR, WILLIAM MR.

VETERANS GUARDIAN VA CLAIM CONSULTING • BUSINESS OWNER

IndividualPINEHURST, NC

$3,300

Dec 7, 2023

TAYLOR, WILLIAM MR.

VETERANS GUARDIAN VA CLAIM CONSULTING • BUSINESS OWNER

IndividualPINEHURST, NC

$3,300

Dec 7, 2023

GREENBLATT, SCOTT MR.

VETERANS GUARDIAN • CEO

IndividualPINEHURST, NC

$3,300

Dec 8, 2023

GREENBLATT, SCOTT MR.

VETERANS GUARDIAN • CEO

IndividualPINEHURST, NC

$3,300

Dec 8, 2023

Donor Network - Sen. McCormick, David [R-PA]

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Hub layout: Politicians in center, donors arranged by type in rings around them.

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Total contributions: $390,050

Top Donors - Sen. McCormick, David [R-PA]

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Project 2025 Policy Matches

This bill shows semantic similarity to the following sections of the Project 2025 policy document.AI-enhanced analysis provides detailed alignment ratings.

22

Strong

Vector: 62%

Pages: 724-726AI Enhanced

AI Analysis:

"The bill aligns with Project 2025's Treasury Department focus on addressing the economic and financial aspects of the geopolitical threat posed by China, as it seeks to counter China's influence by supporting Taiwan's participation in international financial institutions, thereby promoting U.S. strategic interests and economic competitiveness."

Key themes:China geopolitical threatinternational financial institutionseconomic competitivenessTreasury Department leadershipstrategic economic policy

— 691 — 22 DEPARTMENT OF THE TREASURY William L. Walton, Stephen Moore, and David R. Burton INTRODUCTION The U.S. Treasury Department has a broad regulatory and policy reach. The next Administration should make major policy changes to: (1) reduce regulatory impediments to economic growth that reduce living standards and endanger pros- perity; (2) reduce regulatory compliance costs that increase prices and cost jobs; (3) promote fiscal responsibility; (4) promote the international competitiveness of U.S. businesses; and (5) better respect the American people’s due process and privacy rights. These goals should be accomplished through: executive action (primar- ily treasury orders and treasury directives) and departmental reorganization; rulemakings; promoting constructive policies in Congress; actions in international organizations; and treaties. The primary subject matter focus of the incoming Administration’s Treasury Department should be: l Tax policy and tax administration; l Fiscal responsibility; l Improved financial regulation; l Addressing the economic and financial aspects of the geopolitical threat posed by China and other hostile countries;

Department of the Treasury

Moderate

Vector: 65%

Pages: 736-738AI Enhanced

AI Analysis:

"The bill aligns with Project 2025's focus on Treasury's role in international financial institutions and countering China's influence, as it directs Treasury to support Taiwan's participation in such institutions—a move that could enhance U.S. leverage and counterbalance China's geopolitical pressure. However, the bill does not address CFIUS reform, ownership level adjustments, or mitigation monitoring, which are central to the Project 2025 Treasury section."

Key themes:Department of the Treasuryinternational financial institutionsChina geopolitical threatsTaiwan participationU.S. leverage in global institutions

Department of the Treasury

Weak

Vector: 64%

Pages: 733-735AI Enhanced

AI Analysis:

"The bill focuses on supporting Taiwan's participation in international financial institutions like the IMF, while Project 2025 advocates for the U.S. to withdraw from the IMF and World Bank due to their perceived opposition to American free-market principles. The two positions are in direct conflict regarding U.S. engagement with these institutions."

Key themes:International Monetary FundTreasury Departmentinternational financial institutions

— 701 — Department of the Treasury administers these reporting programs, most of this expense is mandated by Con- gress, not the IRS. One of the primary reasons that Congress mandates ever-increasing infor- mation reporting is that the Treasury Department and the Joint Committee on Taxation staff almost always overestimate how much revenue will be gained from still more burdensome information reporting, and they do not estimate or report private compliance costs. Congress and the Treasury Department must undertake a serious review of the information reporting regime and reduce the burden on the public—especially small businesses. Small businesses suffer disproportionately from complexity and administrative burdens. Costs do not increase linearly with size, so elevated administrative costs have an adverse effect on the competitiveness of small firms. Budget. The operating budget of the IRS should be held constant in real terms. The resources allocated to the Office of the Taxpayer Advocate should be increased by at least 20 percent (about $44 million). The Office of Equity, Diversity, and Inclusion should be closed. Provided that IT management is changed; an effective, well-considered implementation plan is adopted; and serious oversight is put in place, additional resources dedicated solely to IT modernization may be warranted. INTERNATIONAL AFFAIRS The Treasury Department should withdraw from Senate consideration the Protocol Amending the Convention on Mutual Administrative Assistance in Tax Matters.48 The protocol will lead to substantially more transnational identity theft, crime, industrial espionage, financial fraud, and suppression of political oppo- nents and religious or ethnic minorities by authoritarian and corrupt governments, including China, Colombia, Nigeria, and Russia. Unlike the original multilateral convention, the amended convention is open to all governments—including many that are either hostile to the United States, have serious corruption problems, or have inadequate privacy protections. The new Administration should also oppose the multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information.49 International organizations such as the OECD, the World Bank, and the Inter- national Monetary Fund espouse economic theories and policies that are inimical to American free market and limited government principles. The global elites who operate the IMF regularly advance higher taxes and big centralized government. The IMF has intervened in American policy debates—and has even recommended that the U.S. raise taxes. The IMF’s record of advancing global financial stability has been mixed at best. Its development assistance and lending programs in third- world countries have more often than not retarded growth rather than advancing it. The Treasury Department plays an important role in these international institutions and should force reforms and new policies. The U.S., however, should — 702 — Mandate for Leadership: The Conservative Promise withdraw from both the World Bank and the IMF and terminate its financial con- tribution to both institutions. If the U.S. is to provide economic assistance or humanitarian aid to other nations, it should do so unilaterally—not through the pass-throughs of international aid orga- nizations, non-governmental organizations, or other nations. These organizations and countries simply create expensive middle-men, while U.S. funds are intercepted before being distributed to those in need. Also, these foreign entities have interests that do not coincide with American national security and economic interests. FISCAL RESPONSIBILITY Treasury should make balancing the federal budget a mission-critical objective. The federal budget absorbs enormous resources from the economy, both in money taken from taxpayers and in money borrowed. The budget should be balanced by driving down federal spending while maintaining a strong national defense and not raising taxes. To reduce interest payments on the debt, Treasury should lock in current rel- atively low interest rates by issuing longer duration bonds, and even consider creating a 50-year treasury bill. Most of the federal debt rolls over on average about every three to four years. But interest rates, even with the latest Federal Reserve rate increases, are still below the 5 percent historical average. Treasury would thus save taxpayers money during the next several decades by issuing fewer short-term notes that will probably have to be rolled over at higher rates in the future. To promote transparency of finances, each year Americans should receive a financial statement of the U.S. government alerting citizens of the revenues, expen- ditures, deficit, and debt for the preceding fiscal year. The statement should also include this individual family’s pro-rata share of the debt based on family size. INTERNATIONAL COMPETITIVENESS The Treasury must act more assertively in international financial institutions to protect and advance U.S. national interests—and oppose those that do not. It should employ a carrot-and-stick approach by increasing its activity and commitment to those financial institutions that are willing and able to adjust to this new approach and by zeroing out or potentially exiting those institutions that rely on U.S. capital while advancing agendas that run counter to U.S. interests. l A major emphasis of effecting this change must be the addition of a large new cadre of U.S. professionals and contractors at these international financial institutions. l The U.S. must insist on the hiring and support of this human capital as a condition to future funding.

Department of the Treasury

Weak

Vector: 64%

Pages: 736-738AI Enhanced

AI Analysis:

"The bill focuses on Taiwan's participation in international financial institutions, while the Project 2025 Treasury section emphasizes CFIUS reform, financial warfare capabilities, and countering Chinese economic threats—there is minimal thematic overlap beyond a general concern with China-related economic policy."

Key themes:Chinaeconomic statecraftinternational financial institutions

— 703 — Department of the Treasury l The U.S. should also examine increasing or decreasing its ownership levels in these institutions in order to achieve maximum leverage. CHINA AND OTHER GEOPOLITICAL THREATS Committee on Foreign Investment in the United States. The interagency Committee on Foreign Investment in the United States should realign its priorities to meet the United States’ current foreign policy threats, especially from China. On October 20, 2022, the Treasury Department, which chairs CFIUS, adopted the first-ever CFIUS Enforcement and Penalty Guidelines50 on the committee’s national security risk mitigation requirements. However, there are no clear rules that guide CFIUS on mitigation monitoring, nor is there a published penalty sched- ule to standardize accountability when CFIUS pursues a civil money penalty for violators. In addition, Treasury—as chair of the committee—runs an opaque pro- cess that biases committee procedure toward corporate interests and away from national security interests. Finally, the committee’s jurisdiction does not extend over greenfield investments that Chinese state-owned enterprises have historically pursued in the United States, which leaves America vulnerable to an instrument of Chinese economic statecraft. Given these issues, the next steps for CFIUS should be to develop a more coherent—and transparent—mitigation monitoring program to complement the enforcement guidelines, give CFIUS agencies in charge of national security con- cerns an equal voice at the table, and petition Congress to amend the law to cover Chinese greenfield investments. CFIUS should publish a penalty schedule for violations of CFIUS reporting and mitigation requirements. Publishing a penalty schedule for CFIUS violations will reduce the discretion of the committee to waive penalties or impose mere “wrist slap” costs on violators of the law. Additionally, a standardized penalty schedule would likely increase the deterrence of CFIUS enforcement by reducing the per- ception among parties to covered transactions that they can avoid enforcement by the committee or secure special exceptions based on appeals to the commit- tee’s discretion. As a legal matter—and in application by CFIUS—mitigation monitoring has developed as the Wild West. There are no clear rules that guide the entire com- mittee on mitigation monitoring, nor is there the same level of oversight or accountability within and among the agencies as applies when CFIUS reviews a transaction or when it pursues a civil money penalty. Indeed, it is a credit to transaction parties and the professionalism of the governmental officials and con- tractors who conduct mitigation monitoring on behalf of the government that, by and large, mitigation monitoring has worked adequately during the last several decades. But dependency on the personality and capabilities of individuals creates unnecessary risk both for CFIUS and for transaction parties. — 704 — Mandate for Leadership: The Conservative Promise Congress should make the Department of Defense (DOD) a CFIUS co-chair with the Department of Treasury. Making DOD an official CFIUS co-chair along with Treasury will establish a balanced committee process by elevating national security interests to an equal stature. The committee is currently imbalanced toward the interests of corporate America because Treasury is the sole chair of CFIUS and, in practice, runs a process that is not fully transparent and which biases it from the national security interests represented by DOD and the Intelligence Community (IC). For example, Treasury representatives will consult with the Commerce Depart- ment and the United States Trade Representative—which tend to favor permitting covered transactions to occur with little to no mitigation requirements—and these representatives will then obscure the results and purposes of such sidebar meet- ings from DOD and IC representatives. This hampers DOD, IC, and sometimes even State Department representatives from full participation in the process or from advocating national security interests as well as they should. Greenfield Investments. Congress should close the loophole on greenfield investments and require CFIUS review of investments in U.S.-based greenfield assets by Chinese-controlled entities to assess any potential harm to U.S. national and economic security. In the 2018 Foreign Risk and Review Modernization Act (FIRRMA),51 one important category of foreign transactions left out of the bill was greenfield investments, particularly by Chinese state-owned enterprises (SOEs). Greenfield investments by Chinese SOEs pose a unique threat, and they should be met with the highest scrutiny by all levels of government. Greenfield investments result in the control of newly built facilities in the U.S., and they were not addressed in FIRRMA primarily because governors and state governments embrace them. That is understandable; they typically bring the promise of creating American jobs. However, the goal of such Chinese SOEs is to siphon assets, technological innovation, and influence away from U.S. businesses in order to expand the global presence of the Chinese Communist Party. While the Chinese government keeps its domestic markets largely insulated from foreign influence, it regularly invests in the U.S. and other countries under the “green- field” model. Firms fully owned by China’s Communist regime are increasingly buying land, building factories, and taking advantage of state and local tax breaks on American soil. Treasury should examine creating a school of financial warfare jointly with DOD. If the U.S. is to rely on financial weapons, tools, and strategies to prosecute international defensive and offensive objectives, it must create a specially trained group of experts dedicated to the study, training, testing, and preparedness of these deterrents. Recent experience has demonstrated that the U.S. cannot depend on the rapid development and deployment of untested, academically developed finan- cial actions, stratagems, and weapons on an ad hoc basis.

Trade

Weak

Vector: 62%

Pages: 813-815AI Enhanced

AI Analysis:

"The bill focuses on securing equitable treatment for Taiwan in international financial institutions, while the Project 2025 trade section emphasizes reducing U.S. trade deficits through reciprocal tariffs and addressing nontariff barriers. Both touch on U.S. international economic engagement, but their substantive objectives differ significantly."

Key themes:international economic engagementTaiwan participationtrade policy

— 781 — Trade 5 ELBAT )8 fo 8 egaP( noisserggA cimonocE fo seirogetaC s’anihC tsinummoC erutpaC gnigremE hceT-hgiH taht seirtsudnI erutuF evirD yeK eriuqcA dna eruceS tcetorP dna htworG seigolonhceT etanimoD lortnoC emoH s'anihC stnemecnavdA morf PI dna lanoitidarT larutaN eroC s’anihC dnapxE morf tekraM ,seiciloP ,stcA s'anihC esnefeD ni seirtnuoC rehtO gnirutcafunaM secruoseR labolG fo erahS noititepmoC fo secitcarP dna yrtsudnI .S.U eht dna seirtsudnI yllabolG stekraM stropmI dna noisserggA cimonocE ,gnikeeS-ygolonhceT % % % ngieroF detceriD-etatS tnemtsevnI tceriD % % % tfarcypS lanoitidarT gnipmuditnA edavE ot pihssnarT % seituD gniliavretnuoC dna stnemtsujdA xaT deddA-eulaV % % ezidisbuS setabeR dna stropxE esenihC decrofnE ylxaL dna kaeW % % swaL latnemnorivnE seigolonhceT eht snetaerhT noisserggA cimonocE s’anihC woH ,yciloP gnirutcafunaM dna edarT fo ecffi O esuoH etihW :ECRUOS /tnetnoc-pw/vog.sevihcra.esuohetihwpmurt//:sptth ,8102 enuJ ,dlroW eht dna setatS detinU eht fo ytreporP lautcelletnI dna gro.egatireh A .)3202 ,12 hcraM dessecca( fdp.FDP-81.81.6-tropeR-ygolonhceT-anihC-LANIF/60/8102/sdaolpu — 782 — Mandate for Leadership: The Conservative Promise reduction in the U.S. bilateral trade deficit with India. Similarly, if Taiwan were to reduce its tariffs to U.S. levels, the size of the U.S. bilateral trade deficit with Taiwan would fall by 6 percent. If the U.S. imposed a mirror tariff, its bilateral trade deficit with Taiwan would fall by 59 percent. These results again underscore the high degree of unfair, unbalanced, and nonreciprocal trade that currently exists between the U.S. and much of the rest of the world, which penalizes American farmers, ranchers, manufacturers, and workers because of the WTO-MFN conundrum. These simulations also demon- strate that implementation of the USRTA most likely would substantially reduce the U.S. trade deficit while creating hundreds of thousands of new jobs. These benefits notwithstanding, however, the U.S. would still face a substantial over- all trade deficit and substantial bilateral trade deficits with many of its major trading partners. Why might this be so? Because under WTO rules, America still faces numerous nonreciprocal nontariff barriers around the world. For example, one of America’s largest trading partners, Japan, runs a significant bilateral trade surplus in goods with the U.S.—more than $70 billion a year. While Japan has relatively low tariffs, it ranks high on the nontariff barrier scale. In such cases, which are numerous, pas- sage of the USRTA would likely also be very helpful in reducing nontariff barriers. This is because under the powers provided by the USRTA, if a foreign country imposes significantly higher nontariff barriers, then the President has the authority to “negotiate and seek to enter into an agreement” that “commits the country to… eliminate [its] nontariff barriers.”16 If the country refuses to come to the negoti- ating table and lower its nontariff barriers, the President has the authority to levy reciprocal duties to offset or mirror those barriers. In summary, passage of the USRTA would go a long way toward leveling the playing field for American farmers, ranchers, manufacturers, and workers who are now forced to compete in an intrinsically unfair, unbalanced, and nonreciprocal WTO-MFN system. Nor is the USRTA necessarily the only possible legislative way to address this issue. In 2017, then-House Speaker Paul Ryan (R–WI) and then-House Ways and Means Committee Chairman Kevin Brady (R–TX) proposed a “border adjust- ment tax.” The proposed border adjustment would have eliminated the ability of corporations to deduct the cost of imports while eliminating the tax on income attributable to exports. This border adjustment tax would have shifted the U.S. corporate income tax from an origin-based tax applying to the production of goods and services in the United States to a destination-based tax applying to the con- sumption of goods and services in the U.S. This tax—strongly opposed by American multinational corporations and big- box retailers—not only would have leveled the playing field with respect to WTO rules, but also would have provided an innovative alternative to the application of

Showing 3 of 5 policy matches

About These Correlations

Policy matches are calculated using a hybrid approach: initial candidates are found using semantic similarity between bill summaries and Project 2025 policy text, then an AI model (Llama 3.1 70B) provides detailed alignment ratings and analysis. Ratings range from 1 (minimal alignment) to 5 (very strong alignment). This analysis does not imply direct causation or intent.

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