US SB1824

Taiwan would be treated as a "NATO Plus" country for 5 years for purposes of congressional notification thresholds on Foreign Military Sales, placing it in the same category as Japan, Australia, South Korea, Israel, and New Zealand

Raises the dollar thresholds for congressional notification on defense article and service sales to Taiwan to the highest tier afforded to U.S. allies, streamlining the arms sales process under the Arms Export Control Act

Secretary of State may extend the enhanced treatment for additional 5-year periods upon determining it serves U.S. national security interests and notifying Congress 14 days before each extension

Since 2010, the Department of State has notified Congress of over $41 billion in Foreign Military Sales to Taiwan, and over $56 billion since 2001

Taiwan was the largest U.S. Foreign Military Sales customer in fiscal year 2020 and third-largest from 1950-2020, tied with Japan