Senate Minority Leader Mitch McConnell (R-Ky.) said on July 7 that Republicans will block the passage of a bill to increase U.S. competitiveness with China if Democrats do not drop efforts to revive the Build Back Better (BBB) social spending package. In December 2021, Sen. Joe Manchin (D-W. Va.) effectively killed the $1.75 trillion BBB…
China Competition Bill Will Fail If Democrats Pursue Revised Build Back Better Bill: McConnell
Biden Says Chinese Communist Party Is Lobbying Against Competition Bill
May 4, 2022
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Business & EconomyChinaChinese Communist PartyChinese RegimeCOMPETES Acteconomic policieseconomyExecutive BranchJoe BidenPoliticsRick ScottSpecial TopicsTech CompetitionUSUS NewsUS-China relations
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President Joe Biden said on May 3 that the Chinese regime is trying to influence the outcome of legislation aimed at bolstering U.S. competitiveness against Beijing. “Fundamentally, this is a national security issue. This is one of the reasons why the Chinese Communist Party is lobbying folks to oppose this bill,” Biden said. “And it’s…
COMPETES Act ‘Actually Helps China’: Rep. Banks
Rep. Jim Banks (R-Ind.) blasted Democrats’ COMPETES Act for failing to counter China, despite it being marketed by Democrats as a means to increase U.S. competitiveness with the eastern superpower. “Their fake China bill doesn’t just fail to counter China—it actually helps China by lifting visa limits on high-skilled foreign nationals, failing to protect research…
Senate Passes Legislation to Boost US Competitiveness Eyeing China Threat
March 29, 2022
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ChinaChinese RegimeChuck SchumerCOMPETES ActHeritage ActionJeanne ShaheenSpecial TopicsTech Competition
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The Senate has approved a multibillion-dollar bill designed to support the U.S. high-tech industry, particularly the domestic semiconductor chip sector, in boosting U.S. competitiveness in face of threats posed by the Chinese regime. In a 68 to 28 vote, the Senate passed the House’s Democrat-led America COMPETES Act, a controversial bill that was nominally designed…
House Passes Controversial COMPETES Act
The House passed the controversial COMPETES Act in a mostly party-line 222–210 vote on Friday morning. The bill, nominally intended to increase U.S. competitiveness with China but loaded with other, less relevant provisions, was unanimously opposed by all Republicans with the support of Rep. Stephanie Murphy (D-Fla.), a House moderate who has struck out a…
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