A bill to amend the Trade Act to reestablish government-to-government relations and provide for the defense of the Republic of China (Taiwan).

Amends the Trade Act of 1974 to prohibit most-favored-nation treatment or export credits or guarantees to be extended to the People's Republic of China until: (1) government-to-government relations are reestablished between the United States and Taiwan; and (2) the United States retains standing to defend Taiwan.