This concurrent resolution expresses the sense of Congress that the United States should fundamentally alter its policy towards Taiwan, recognizing it as an independent country. It urges the President to abandon the "One China Policy" and instead normalize diplomatic relations by appointing a U.S. ambassador to Taiwan and receiving a Taiwanese ambassador. Additionally, it calls for the rescission of agency guidelines that currently restrict communication between U.S. and Taiwanese officials. Beyond diplomatic recognition, the resolution advocates for enhanced economic ties and international participation for Taiwan. It directs the United States Trade Representative to initiate formal negotiations for a bilateral Free Trade Agreement with Taiwan. Furthermore, it calls upon the President and other relevant U.S. officials to actively advocate for Taiwan's full membership in the United Nations and other international organizations where the United States is a member.