TAIWAN Security Act

This bill requires the U.S. Secretary of Defense to consider Taiwan for enhanced defense industrial cooperation, including potential funding for joint research and formal agreements to boost Taiwan's defense industry and supply chain resilience. It mandates a feasibility study evaluating strategic benefits like supply chain security, mutual defense goods sharing, and interoperability, while accounting for legal and economic factors. The study must identify specific defense capabilities developed or produced in Taiwan that need expedited U.S. component licenses, or U.S. capabilities Taiwan cannot obtain timely from U.S. industry. The Secretary must submit a report to Congress within 180 days of the bill's enactment detailing the study's findings. The bill operates within the framework of the Taiwan Relations Act and does not authorize direct military aid or security guarantees.