This bill authorizes the Department of State to initiate a U.S. plan to endorse Taiwan's membership in the Inter-American Development Bank as a nonborrowing member. (The bank's nonborrowing members, such as the United States, provide capital and have voting representation in the bank's board of governors and board of executive directors.)
The State Department may also instruct the U.S. governor at the bank to work with the board of governors to admit Taiwan as a nonborrowing member.