Total Score: 940/2,100 points (44.8% of maximum possible score)
The United States-Taiwan Initiative on 21st-Century Trade First Agreement Implementation Act aims to strengthen trade relations between the United States and Taiwan. It introduces new regulatory measures and increases government oversight to ensure compliance with the trade agreement. The Act expands government power and spending, impacting free markets and personal freedoms to a moderate extent.
| Criteria | Score (out of 100) | Comments |
|---|---|---|
| 1. Regulatory Language and New Powers | 70 | Grants new powers to regulate and oversee trade agreements. |
| 2. Mandates on Individuals or Businesses | 60 | Imposes significant mandates on businesses involved in trade with Taiwan. |
| 3. Repeal or Modification of Existing Laws | 40 | Modifies existing laws to align with the new trade agreement. |
| 4. Funding Provisions and Government Control | 75 | Allocates funding for implementing and overseeing the trade agreement. |
| 5. Powers Granted to Government Agencies | 70 | Grants discretionary powers to agencies involved in trade regulation. |
| 6. Penalties and Compliance Mechanisms | 65 | Specifies penalties for non-compliance with the trade agreement. |
| 7. Reporting Requirements | 70 | Introduces new reporting requirements for businesses and agencies. |
| 8. Sunset Clauses | 30 | Includes sunset clauses for periodic review of the trade agreement. |
| 9. Authority and Oversight | 70 | Delegates authority to federal agencies to ensure compliance with the trade agreement. |
| 10. Judicial Review | 50 | Provides provisions for judicial review of trade-related decisions. |
| 11. Emergency Powers | 40 | Grants emergency powers for rapid response to trade issues. |
| 12. Exemptions and Waivers | 40 | Offers limited exemptions from new trade regulations. |
| 13. Impact Assessments | 55 | Includes assessments of the expected effects on government control and cost. |
| 14. Spending and Taxes | 70 | Increases spending to fund the implementation of the trade agreement. |
| 15. Market Manipulation | 45 | Moderate impact on the market through trade regulations. |
| 16. Tax Code and Reporting | 35 | Some impact on the tax code and financial reporting. |
| 17. Areas Outside Original Purpose | 30 | Primarily stays within the original purpose of enhancing trade relations. |
| 18. Reducing Government Power | 40 | Increases government power through new regulatory responsibilities. |
| 19. Impact on Free Markets | 50 | Moderate impact on free markets due to new trade regulations. |
| 20. Personal Freedom | 45 | Some impact on personal freedoms related to trade compliance. |
| 21. Reducing Spending and Debt | 30 | Increases spending without addressing the national debt. |