Sec. 204. Joint assessment
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The Secretary of State, in consultation with the Secretary of Defense, shall establish and maintain a joint consultative mechanism with Taiwan that convenes on a recurring basis— to develop a joint assessment of, and coordinate planning with respect to, the threats Taiwan faces from the People’s Republic of China across the spectrum of possible military action; and to identify nonmaterial and material solutions to deter and defeat such threats. In carrying out subsection (a), the Secretary of Defense, in consultation with the Secretary of State, shall develop with Taiwan— an integrated priorities list; relevant plans for acquisition and training for relevant nonmaterial and material solutions; and other measures to appropriately prioritize the defense needs of Taiwan to maintain effective deterrence across the spectrum of possible military action by the People’s Republic of China.
Not later than 180 days after the date of the enactment of this Act, and annually thereafter for the following 5 years, the Secretary of Defense, in consultation with the Secretary of State, shall submit a report to the appropriate committees of Congress that describes the joint assessment developed pursuant to subsection (a)(1).