A pair of prominent senators on Friday introduced legislation to overhaul U.S. policy toward Taiwan, including $4.5 billion to promote security while deterring aggression from China, which claims the island as part of its territory.
The bipartisan Taiwan Policy Act was announced by Sen. Bob Menendez, New Jersey Democrat who chairs the Senate Foreign Relations Committee, and Sen. Lindsey Graham, South Carolina Republican.
In a statement Friday, the senators said the measure is “the most comprehensive restructuring of U.S. policy towards Taiwan” in the last several decades.
“The bipartisan proposal expands U.S. efforts to promote the security of Taiwan, ensures regional stability, and deters further People’s Republic of China (PRC) aggression against Taiwan,” according to a statement from the Senate Foreign Relations Committee.