Amends the Arms Export Control Act to expedite licensing for allies transferring military equipment to Taiwan.

The bill amends the Arms Export Control Act to include Taiwan among the list of recipient countries with respect to which shorter certification and reporting periods apply. It also expedites licensing for allies transferring military equipment to Taiwan. The Secretary of State must conduct an assessment of the feasibility of establishing an expedited decision-making process for third-party transfers of defense articles and services from NATO member countries, Japan, Australia, South Korea, New Zealand, Israel, and the United States to Taiwan.

Amends the Arms Export Control Act to expedite licensing for allies transferring military equipment to Taiwan.

The bill amends the Arms Export Control Act to include Taiwan among the list of recipient countries with respect to which shorter certification and reporting periods apply. It also expedites licensing for allies transferring military equipment to Taiwan. The Secretary of State must conduct an assessment of the feasibility of establishing an expedited decision-making process for third-party transfers of defense articles and services from NATO member countries, Japan, Australia, South Korea, New Zealand, Israel, and the United States to Taiwan.