Taiwan Protection and National Resilience Act of 2022

To require a strategy for countering the People's Republic of China. 1. Short title This Act may be cited as the Taiwan Protection and National Resilience Act of 2022 2. Strategy for countering the People's Republic of China (a) Identification of vulnerabilities and leverage Not later than 180 days after the date of the enactment of this Act, the Secretary of Defense, in consultation with the Secretary of State, the Secretary of Commerce, the Secretary of the Treasury, the Director of the Office of Federal Procurement Policy, and the Director of the Office of Science and Technology Policy, shall submit to the appropriate committees of Congress a report that identifies— (1) goods and services from the United States that are relied on by the People’s Republic of China such that that reliance presents a strategic opportunity and source of leverage against the People’s Republic of China; and (2) procurement practices of the United States Armed Forces and other Federal agencies that are reliant on trade with the People’s Republic of China and other inputs from the People’s Republic of China, such that that reliance presents a strategic vulnerability and source of leverage that the Chinese Communist Party could exploit. (b) Strategy Not later than 180 days after the submission of the report required by subsection (a)— (1) the Secretary of the Treasury, in consultation with the Secretary of the Defense, the Secretary of Commerce, the Secretary of State, the Director of the Office of Federal Procurement Policy, and the Director of the Office of Science and Technology Policy, shall submit to the appropriate committees of Congress a report, utilizing the findings of the report required by subsection (a), that describes a comprehensive sanctions strategy to advise policymakers on policies the United States and allies and partners of the United States could adopt with respect to the People’s Republic of China in response to an invasion of Taiwan by the People’s Republic of China that— (A) starves the People’s Liberation Army of oil, natural gas, munitions, and other supplies needed to conduct military operations against Taiwan, United States facilities in the Pacific and Indian Oceans, and allies and partners of the United States in the region; (B) diminishes the capacity of the industrial base of the People’s Republic of China to manufacture and deliver defense articles to replace those lost in operations of the People’s Liberation Army against Taiwan, the United States, and allies and partners of the United States; and (C) inhibits the ability of the People’s Republic of China to evade United States and multilateral sanctions through third parties, including through secondary sanctions; and (2) the Secretary of Commerce, in consultation with the Secretary of Defense, the Secretary of State, the Director of National Intelligence, the United States Trade Representative, the Director of the Office of Federal Procurement Policy, and the Director of the Office of Science and Technology Policy, shall submit to the appropriate committees of Congress a report that— (A) identifies critical sectors within the United States economy that rely on trade with the People’s Republic of China and other inputs from the People’s Republic of China (including active pharmaceutical ingredients, rare earth minerals, and metallurgical inputs), such that those sectors present a strategic vulnerability and source of leverage that the Chinese Communist Party could exploit; and (B) makes recommendations to Congress on steps that can be taken to reduce the sources of leverage described in subparagraph (A) and subsection (a)(1), including through— (i) provision of economic incentives and making other trade and contracting reforms to support United States industry and job growth in critical sectors and to indigenize production of critical resources; and (ii) policies to facilitate near- or friend-shoring (c) Form The reports required by subsections (a) and (b) shall be submitted in unclassified form but may include a classified annex. (d) Appropriate committees of congress defined In this section, the term appropriate committees of Congress (1) the Committee on Foreign Relations, the Committee on Armed Services, the Select Committee on Intelligence, the Committee on Finance, the Committee on Banking, Housing, and Urban Affairs, and the Committee on Commerce, Science, and Transportation of the Senate; and (2) the Committee on Foreign Affairs, the Committee on Armed Services, the Committee on Financial Services, the Committee on Energy and Commerce, and the Permanent Select Committee on Intelligence of the House of Representatives.

Summary: Taiwan Protection and National Resilience Act of 2022 This bill requires the Department of Defense to submit a report identifying goods and services from the United States that China relies upon and U.S. military procurement practices that are reliant on trade with China. The bill also requires the Department of the Treasury to submit a sanctions strategy that could, in response to a Chinese invasion of Taiwan (1) limit China's ability to acquire petroleum and military materiel, (2) diminish the ability of the Chinese industrial base to replenish defense articles, and (3) inhibit China's ability to evade sanctions.