(1) the final text of the Agreement; and 
(2) a technical explanation of the Agreement. 
(b) SUBMISSION OF IMPLEMENTATION POLICY.—Not 
later than 270 days after the President enters into the 
Agreement, the Secretary of the Treasury shall submit to 
Congress— 
(1) a description of those changes to existing 
laws that the President considers would be required in 
order to ensure that the United States acts in a man-
ner consistent with the Agreement; and 
(2) a statement of anticipated administrative ac-
tion proposed to implement the Agreement. 
SEC. 207. CONSIDERATION OF APPROVAL LEGISLATION 
AND IMPLEMENTING LEGISLATION. 
(a) IN GENERAL.—The approval legislation with re-
spect to the Agreement shall include the following: ‘‘Con-
gress approves the Agreement submitted to Congress pursu-
ant to section 206 of the United States-Taiwan Tax Agree-
ment Authorization Act on llll.’’, with the blank 
space being filled with the appropriate date. 
(b) APPROVAL
LEGISLATION
COMMITTEE
REFER-
RAL.—The approval legislation shall— 
(1) in the Senate, be referred to the Committee 
on Foreign Relations; and 
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(2) in the House of Representaives, be referred to 
the Committee on Ways and Means. 
(c) IMPLEMENTING LEGISLATION COMMITTEE REFER-
RAL.—The implementing legislation shall— 
(1) in the Senate, be referred to the Committee 
on Finance; and 
(2) in the House of Representatives, be referred 
to the Committee on Ways and Means. 
SEC. 208. RELATIONSHIP OF AGREEMENT TO INTERNAL 
REVENUE CODE OF 1986. 
(a) INTERNAL REVENUE CODE
OF 1986 TO CON-
TROL.—No provision of the Agreement or approval legisla-
tion, nor the application of any such provision to any per-
son or circumstance, which is inconsistent with any provi-
sion of the Internal Revenue Code of 1986, shall have effect. 
(b) CONSTRUCTION.—Nothing in this title shall be con-
strued— 
(1) to amend or modify any law of the United 
States; or 
(2) to limit any authority conferred under any 
law of the United States, 
unless specifically provided for in this title. 
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SEC. 209. AUTHORIZATION OF SUBSEQUENT TAX AGREE-
MENTS RELATIVE TO TAIWAN. 
(a) IN GENERAL.—Subsequent to the enactment of ap-
proval legislation and implementing legislation pursuant 
to section 207— 
(1) the term ‘‘tax agreement’’ in section 203(a) 
shall be treated as including any tax agreement rel-
ative to Taiwan which supplements or supersedes the 
Agreement to which such approval legislation and im-
plementing legislation relates, and 
(2) the term ‘‘Agreement’’ shall be treated as in-
cluding such tax agreement. 
(b) REQUIREMENTS, ETC., TO APPLY SEPARATELY.— 
The provisions of this title (including section 204) shall be 
applied separately with respect to each tax agreement re-
ferred to in subsection (a). 
SEC. 210. UNITED STATES TREATMENT OF DOUBLE TAX-
ATION MATTERS WITH RESPECT TO TAIWAN. 
(a) FINDINGS.—Congress makes the following findings: 
(1) The United States addresses issues with re-
spect to double taxation with foreign countries by en-
tering into bilateral income tax conventions (known 
as tax treaties) with such countries, subject to the ad-
vice and consent of the Senate to ratification pursu-
ant to article II of the Constitution. 
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(2) The United States has entered into more 
than sixty such tax treaties, which facilitate economic 
activity, strengthen bilateral cooperation, and benefit 
United States workers, businesses, and other United 
States taxpayers. 
(3) Due to Taiwan’s unique status, the United 
States is unable to enter into an article II tax treaty 
with Taiwan, necessitating an agreement to address 
issues with respect to double taxation. 
(b) STATEMENT OF POLICY.—It is the policy of the 
United States to— 
(1) provide for additional bilateral tax relief 
with respect to Taiwan, beyond that provided for in 
section 894A of the Internal Revenue Code of 1986 (as 
added by the United States-Taiwan Expedited Dou-
ble-Tax Relief Act), only after entry into force of an 
Agreement, as provided for in section 205, and only 
in a manner consistent with such Agreement; and 
(2) continue to provide for bilateral tax relief 
with sovereign states to address double taxation and 
other related matters through entering into bilateral 
income tax conventions, subject to the Senate’s advice 
and consent to ratification pursuant to article II of 
the Constitution. 
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H5988
Union Calendar No. 249 
118TH CONGRESS 
1ST SESSION 
H. R. 5988 
[Report No. 118–309] 
A BILL 
To amend the Internal Revenue Code of 1986 to 
provide special rules for the taxation of certain 
residents of Taiwan with income from sources 
within the United States. 
DECEMBER 12, 2023 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
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