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Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
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Senators Lindsey Graham, left, and Robert Menendez.

Two leading US senators on the Foreign Relations Committee are seeking an overhaul of Taiwan policy, saying they want to deter any possible invasion of the island by China after witnessing Russia’s attack on Ukraine. 
The “Taiwan Policy Act of 2022” would provide $4.5 billion in defense assistance to Taiwan over the next four years. It also would designate Taiwan as a major non-NATO ally and set up a “broad sanctions regime” to penalize China for any hostile action against Taiwan, including actions in the Taiwan Strait.

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