House Republicans Take Action to Enhance Competitiveness and Economic Partnership with Taiwan

WASHINGTON - Speaker Johnson released the following statement after the House passed H.R. 33, The United States-Taiwan Expedited Double-Tax Relief Act.

"House Republicans understand the significance of America's economic relationship with Taiwan. By passing legislation to streamline the tax process for cross-border investments, we are strengthening our economic ties, boosting our competitiveness, and creating jobs. This bill empowers the President to negotiate a tax agreement with Taiwan and ensure our partners in Taiwan do not face double taxation here in the U.S. We want Taiwanese companies to build factories right here within our borders and make the U.S. a more competitive place for semiconductor companies to do business."

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