Joe Biden signs bill that has provisions for loans to TaiwanStaff writer, with CNA, WASHINGTONUS President Joe Biden on Thursday signed into law a US government funding bill for next year that includes provisions to authorize US$2 billion in loans to Taiwan to buy weapons from the US. Biden, who is on vacation, finalized the US$1.65 trillion Omnibus Consolidated Appropriations Act covering funding for fiscal 2023. US President Joe Biden boards Air Force One at Joint Base Andrews in Maryland on Tuesday. In its provisions regarding Taiwan, the act allows up to US$2 billion in direct loans to Taiwan for military purposes under the “Foreign Military Financing Program.”Taiwan would be required to pay off such loans within 12 years. The NDAA was signed into law by Biden on Friday last week, but for its funding provisions to be carried out, they must still be approved in the general appropriations act.
