This Act may be cited as the “Providing Our Regional Companions Upgraded Protection in Nefarious Environments Act” or “PORCUPINE Act”.

(a) In general.—The Arms Export Control Act (22 U.S.C. 2751 et seq.) is amended—

(1) in section 3 (22 U.S.C. 2753)—

(A) in subsection (b)(2), by inserting “Taiwan,” before “or the”; and

(B) in subsection (d)—

(i) in paragraph (2)(B), by striking “or New Zealand” and inserting “New Zealand, or Taiwan”;

(ii) in paragraph (3)(A)(i), by striking “or New Zealand” and inserting “New Zealand, or Taiwan”; and

(iii) in paragraph (5), by striking “or New Zealand” and inserting “New Zealand, or Taiwan”;

(2) in section 21 (22 U.S.C. 2761)—

(A) in subsection (e)(2)(A), by striking “or New Zealand” and inserting “New Zealand, or Taiwan”; and

(B) in subsection (h)—

(i) in paragraph (1)(A), by striking “or Israel” and inserting “Israel, or Taiwan”; and

(ii) in paragraph (2), by striking “or Israel” and inserting “Israel, or Taiwan”;

(3) in section 36 (22 U.S.C. 2776)—

(A) in subsection (b)—

(i) in paragraph (1), in the undesignated matter following subparagraph (P), in the second sentence, by striking “or New Zealand” and inserting “New Zealand, or Taiwan”;

(ii) in paragraph (2), by striking “or New Zealand” and inserting “New Zealand, or Taiwan”; and

(iii) in paragraph (6), in the matter preceding subparagraph (A), by striking “or New Zealand” and inserting “New Zealand, or Taiwan”;

(B) in subsection (c)—

(i) in paragraph (2)(A), by striking “or New Zealand” and inserting “New Zealand, or Taiwan”; and

(ii) in paragraph (5), by striking “or New Zealand” and inserting “New Zealand, or Taiwan”; and

(C) in subsection (d)(2)(A), by striking “or New Zealand” and inserting “New Zealand, or Taiwan”;

(4) in section 62(c)(1) (22 U.S.C. 2796a(c)(1)), by striking “or New Zealand” and inserting “New Zealand, or Taiwan”; and

(5) in section 63(a)(2) (22 U.S.C. 2796b(a)(2)), in the matter preceding subparagraph (A), by striking “or New Zealand” and inserting “New Zealand, or Taiwan”.

(b) Report.—Not later than two years after the date of the enactment of this section, and every two years thereafter, the Secretary of State shall submit to the Committee on Foreign Relations of the Senate and the Committee on Foreign Affairs of the House of Representatives a report on the implementation and effectiveness of the amendments made by this section.

(a) In general.—Not later than 90 days after the date of the enactment of this Act, the Secretary of State shall conduct an assessment of the feasibility of establishing an expedited decision-making process for third party transfers of defense articles and services from North Atlantic Treaty Organization member countries, Japan, Australia, the Republic of Korea, New Zealand, or Israel to Taiwan, including transfers and re-transfers of United States-origin grant, Foreign Military Sales, and Direct Commercial Sales end-items not covered by an exemption under the International Traffic in Arms Regulations under subchapter M of chapter I of title 22, Code of Federal Regulations.

(b) Elements.—The assessment required by subsection (a) shall include an assessment of the following:

(1) The availability of such an expedited decision-making process for classified and unclassified items.

(2) The feasibility of requiring—

(A) the approval, return, or denial of any licensing application to export defense articles and services that is related to a government-to-government agreement within 15 days after the submission of such application; and

(B) the completion of the review of all other licensing requests not later than 30 days after the submission of such application.

(c) Briefing.—Not later than 180 days after the date of the enactment of this Act, the Secretary of State shall provide the Committee on Foreign Relations of the Senate and the Committee on Foreign Affairs of the House of Representatives with a briefing on the outcome of the assessment required by subsection (a).

Nothing in this Act may be construed to alter the policy of the United States toward Taiwan as specified in the Taiwan Relations Act (22 U.S.C. 3301 et seq.).

This Act shall cease to have effect on the date that is 7 years after the date of the enactment of this Act.