US SB1588

President must establish an interagency Taiwan Policy Task Force within 90 days, comprising senior officials from the White House, NSC, State, Defense, Treasury, Commerce, and USTR to coordinate Taiwan policy

Director of the American Institute in Taiwan's Taipei office becomes a Senate-confirmed presidential appointment with the title "Representative," and vacancies must be filled within 60 days

U.S. officials directed to actively support Taiwan's meaningful participation and membership in international organizations, with annual reporting on China's efforts to block Taiwan's inclusion at the UN and other bodies

Prohibits any U.S. agency from recognizing PRC claims to sovereignty over Taiwan without assent of Taiwan's people through democratic process, and removes restrictions on direct U.S. government interactions with Taiwan counterparts

Requires multiple reports within 90-180 days on: protecting U.S. businesses from PRC coercion regarding Taiwan, supporting Taiwan against PRC "sharp power" operations, and assessing military deterrence posture in the Taiwan Strait