Employment Fairness for Taiwan Act of 2020

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6014 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6014

   To require the Secretary of the Treasury to support fairness for 
Taiwanese nationals regarding employment at the international financial 
                             institutions.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 28, 2020

Mr. Tipton (for himself and Mr. David Scott of Georgia) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
   To require the Secretary of the Treasury to support fairness for 
Taiwanese nationals regarding employment at the international financial 
                             institutions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Employment Fairness for Taiwan Act 
of 2020''.

SEC. 2. SENSE OF THE CONGRESS.

    It is the sense of the Congress that--
            (1) Taiwan is responsible for remarkable achievements in 
        economic and democratic development, with its per capita gross 
        domestic product rising in purchasing power parity terms from 
        $3,470 in 1980 to more than $55,000 in 2018;
            (2) the experience of Taiwan in creating a vibrant and 
        advanced economy under democratic governance and the rule of 
        law can inform the work of the international financial 
        institutions, including through the contributions and insights 
        of Taiwanese nationals; and
            (3) Taiwanese nationals who seek employment at the 
        international financial institutions should not be held at a 
        disadvantage in hiring because the economic success of Taiwan 
        has rendered it ineligible for financial assistance from such 
        institutions.

SEC. 3. FAIRNESS FOR TAIWANESE NATIONALS REGARDING EMPLOYMENT AT 
              INTERNATIONAL FINANCIAL INSTITUTIONS.

    (a) In General.--The Secretary of the Treasury shall instruct the 
United States Executive Director at each international financial 
institution to use the voice and vote of the United States to seek to 
ensure that Taiwanese nationals are not discriminated against in any 
employment decision by the institution, including employment through 
consulting or part-time opportunities, on the basis of--
            (1) whether they are citizens or nationals of, or holders 
        of a passport issued by, a member country of, or a state or 
        other jurisdiction that receives assistance from, the 
        international financial institution; or
            (2) any other consideration that, in the determination of 
        the Secretary, unfairly disadvantages Taiwanese nationals with 
        respect to employment at the institution.
    (b) International Financial Institution Defined.--In this section, 
the term ``international financial institution'' has the meaning given 
the term in section 1701(c)(2) of the International Financial 
Institutions Act.
    (c) Waiver Authority.--The Secretary of the Treasury may waive 
subsection (a) for not more than 1 year at a time after reporting to 
the Committee on Financial Services of the House of Representatives and 
the Committee on Foreign Relations of the Senate that providing the 
waiver--
            (1) will substantially promote the objective of equitable 
        treatment for Taiwanese nationals at the international 
        financial institutions; or
            (2) is in the national interest of the United States, with 
        a detailed explanation of the reasons therefor.
    (d) Progress Report.--The Chairman of the National Advisory Council 
on International Monetary and Financial Policies shall submit to the 
committees specified in subsection (c) an annual report, in writing, 
that describes the progress made toward advancing the policy described 
in subsection (a), and a summary of employment trends with respect to 
Taiwanese nationals at the international financial institutions.
    (e) Sunset.--The preceding provisions of this section shall have no 
force or effect beginning with the earlier of--
            (1) the date that is 7 years after the date of the 
        enactment of this Act; or
            (2) the date that the Secretary of the Treasury reports to 
        the committees specified in subsection (c) that each 
        international financial institution has adopted the policy 
        described in subsection (a).
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