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Code · BILL · 116th Congress · H.R. 6395 (Placed on Calendar Senate) — To authorize appropriations for fiscal year 2021 for military activities of the Department of Defense, for military c... · Sec. 1853

Sec. 1853. Fairness for Taiwan nationals regarding employment at international financial institutions

329 words·~1 min read·/bill/116/hr/6395/pcs/section-1853·

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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 Taiwan nationals are not discriminated against in any employment decision by the institution, including employment through consulting or part-time opportunities, on the basis of— 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 any other consideration that, in the determination of the Secretary, unfairly disadvantages Taiwan nationals with respect to employment at the institution.
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. 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— will substantially promote the objective of equitable treatment for Taiwan nationals at the international financial institutions; or is in the national interest of the United States, with a detailed explanation of the reasons therefor. 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 Taiwan nationals at the international financial institutions. The preceding provisions of this section shall have no force or effect beginning with the earlier of— the date that is 7 years after the date of the enactment of this Act; or 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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