Employment Fairness for Taiwan Act of 2020

To require the Secretary of the Treasury to support fairness for Taiwanese nationals regarding employment at the international financial institutions. 1. Short title This Act may be cited as the Employment Fairness for Taiwan Act of 2020 2. Sense of the Congress It is the sense of the Congress that— (1) Taiwan is responsible for remarkable achievements in economic and democratic development, with its per capita gross domestic product rising in purchasing power parity terms from $3,470 in 1980 to more than $55,000 in 2018; (2) the experience of Taiwan in creating a vibrant and advanced economy under democratic governance and the rule of law can inform the work of the international financial institutions, including through the contributions and insights of Taiwanese nationals; and (3) Taiwanese nationals who seek employment at the international financial institutions should not be held at a disadvantage in hiring because the economic success of Taiwan has rendered it ineligible for financial assistance from such institutions. 3. Fairness for Taiwanese nationals regarding employment at international financial institutions (a) In general The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution to use the voice and vote of the United States to seek to ensure that Taiwanese nationals are not discriminated against in any employment decision by the institution, including employment through consulting or part-time opportunities, on the basis of— (1) whether they are citizens or nationals of, or holders of a passport issued by, a member country of, or a state or other jurisdiction that receives assistance from, the international financial institution; or (2) any other consideration that, in the determination of the Secretary, unfairly disadvantages Taiwanese nationals with respect to employment at the institution. (b) International financial institution defined In this section, the term international financial institution (c) Waiver authority The Secretary of the Treasury may waive subsection (a) for not more than 1 year at a time after reporting to the Committee on Financial Services of the House of Representatives and the Committee on Foreign Relations of the Senate that providing the waiver— (1) will substantially promote the objective of equitable treatment for Taiwanese nationals at the international financial institutions; or (2) is in the national interest of the United States, with a detailed explanation of the reasons therefor. (d) Progress report The Chairman of the National Advisory Council on International Monetary and Financial Policies shall submit to the committees specified in subsection (c) an annual report, in writing, that describes the progress made toward advancing the policy described in subsection (a), and a summary of employment trends with respect to Taiwanese nationals at the international financial institutions. (e) Sunset The preceding provisions of this section shall have no force or effect beginning with the earlier of— (1) the date that is 7 years after the date of the enactment of this Act; or (2) the date that the Secretary of the Treasury reports to the committees specified in subsection (c) that each international financial institution has adopted the policy described in subsection (a).

Summary: Employment Fairness for Taiwan Act of 2020 This bill directs the Department of the Treasury to instruct U.S. directors at each international financial institution to ensure that Taiwanese nationals are not discriminated against in employment decisions. (China's position is that Taiwan is a part of China and, as a result, international financial institutions generally do not recognize Taiwan as a country or a member country of the institution.)