This resolution recognizes the importance of Taiwan's security and prosperity to the United States' own security and prosperity. The resolution encourages the President and the House of Representatives to work with the Senate on a congressional-executive agreement to establish an income tax agreement between the United States and Taiwan, consistent with U.S commitments under the Taiwan Relations Act. The resolution also encourages the President to proactively seek other ways to increase trade, technology, and investment ties between the United States and Taiwan.