Establishes a task force to develop economic tools to deter aggression by the People's Republic of China against Taiwan.
The bill establishes an interagency task force to identify and recommend sanctions against entities supporting actions by the Government of the PRC or the Chinese Communist Party that threaten Taiwan. The task force will assess resource gaps, recommend targeting strategies, and analyze economic impacts. It will also coordinate with allies and partners to counter economic coercion by the PRC. The task force must submit a classified report to Congress annually, detailing identified entities, required authorities, and potential economic consequences.
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