TAIPEI (Taiwan News) — US representatives on Wednesday progressed a bill supporting Taiwan’s participation in the International Monetary Fund in the House.

The US House of Representatives Financial Services Committee passed the Taiwan Non-Discrimination Act of 2025 through a markup session, per CNA. In addition to Taiwan's IMF membership, the bill would support IMF employment opportunities for Taiwanese and the ability for Taiwan to receive IMF technical assistance and training.

Representatives Young Kim and Al Green introduced the bill, which Kim said would enhance the IMF’s mission and promote stability. Given the size of its economy, financial reserves, and potential contributions to global economic policy, Kim said it was absurd to exclude Taiwan from the IMF.

The bill notes that Taiwan is already a member of the WTO, Asian Development Bank, and Asia-Pacific Economic Cooperation, meaning it should also have IMF membership. According to the bill, the IMF allowed Taiwan to remain in the IMF for nine years after the UN recognized China and allowed Taiwanese employees to serve during that time.

Speaking in support of the bill, Kim noted that Taiwan is one of the US’s top ten trading partners and has foreign exchange reserves larger than Brazil, South Korea, Mexico, and all European countries except Switzerland. She said Taiwan’s experience can inform the IMF’s operations.

Kim also criticized China’s influence on the IMF. “We cannot allow the CCP to dictate international financial policy and sideline a key democratic partner,” she said, referring to Taiwan.

The bill is the fourth version of the Taiwan Non-Discrimination Act introduced since 2020. A version of the bill passed the House last year.