Summary

Adds Taiwan to several special-treatment provisions in U.S. arms export law and directs the State Department to study and report on faster licensing routes for third-party transfers of U.S.-origin defense items from close allies to Taiwan. It requires near-term feasibility work on strict review deadlines for certain licensing decisions, sets up regular reporting to congressional foreign affairs committees about implementation, preserves existing U.S. policy toward Taiwan, and sunsets the changes after seven years.

• Adds Taiwan to multiple special-treatment and exemption lists in the Arms Export Control Act for defense sales and transfers.
• Requires a 90-day State Department feasibility assessment on expedited licensing for third-party transfers to Taiwan from listed allies.
• Assessment must analyze classified and unclassified items and consider 15-day and 30-day decision deadlines for certain applications.
• Secretary of State must brief relevant congressional committees within 180 days and report biennially thereafter on implementation.
• Explicitly preserves existing U.S. policy toward Taiwan under the Taiwan Relations Act.
• Includes a 7-year sunset, after which these statutory changes expire automatically.
• Affects allied governments, U.S. licensing authorities, defense contractors, and Taiwan's ability to receive U.S.-origin equipment via third parties.
• Does not appropriate funds or change tax law; it modifies export-control procedures and reporting/oversight requirements.