INCREASE IN ANNUAL REGIONAL CONTINGENCY STOCKPILE ADDITIONS AND SUPPORT FOR TAIWAN.

SEC. 5503. INCREASE IN ANNUAL REGIONAL CONTINGENCY STOCKPILE ADDITIONS AND SUPPORT FOR TAIWAN. (a) In General.—Section 514(b)(2)(A) of the Foreign Assistance Act of 1961 (22 U.S.C. 2321h(b)(2)(A)) is amended by striking “$200,000,000” and all that follows and inserting “$500,000,000 for any of the fiscal years 2023, 2024, or 2025.”. (b) [22 U.S.C. 3352] Establishment.—Subject to section 514 of the Foreign Assistance Act of 1961 (22 U.S.C. 2321h), the President may establish a regional contingency stockpile for Taiwan that consists of munitions and other appropriate defense articles. (c) Inclusion of Taiwan Among Other Allies Eligible for Defense Articles.—Chapter 2 of part II of the Foreign Assistance Act of 1961 (22 U.S.C. 2311 et seq.) is amended— (1) in section 514(c)(2) (22 U.S.C. 2321h(c)(2)), by inserting “Taiwan,” after “Thailand,”; and (2) in section 516(c)(2) (22 U.S.C. 2321j(c)(2)), by inserting “to Taiwan,” after “major non-NATO allies on such southern and southeastern flank,”. (d) Annual Briefing.—Not later than 1 year after the date of enactment of this Act, and annually thereafter for 7 years, the President shall provide a briefing to the appropriate committees of Congress regarding the status of a regional contingency stockpile established under subsection (b). (e) Appropriate Committees of Congress Defined.—In subsection (d), the term ‘‘appropriate committees of Congress’’ means— (1) the congressional defense committees; and (2) the Committee on Foreign Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate.