This bill requires the Secretary of Defense to prioritize delivery of military equipment and services that Taiwan has already contracted to purchase, ensuring Taiwan receives its orders before other countries get similar items. The requirement applies only to existing contracts as of the bill's enactment date and must be done with Taiwan's agreement. However, the bill includes an important exception: the Pentagon cannot use this prioritization in a way that would delay or inhibit deliveries to Ukraine or Israel. The legislation does not specify funding amounts or implementation timelines beyond requiring the Secretary of Defense to take action upon enactment.