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Monday, December 05, 2022

US Congress moves closer to passing major China legislation

The US Congress this week is one step closer to approving major legislation that addresses competitiveness with China. The America Competes Act passed the U.S. Senate Monday by a 68-28 vote, paving the way for the reconciliation of legislation in the U.S. House of Representatives for final passage. A substantially different version of that legislation was approved by the U.S. House in February with a 222-210 vote.

The White House welcomed progress in the legislation in a statement on Monday night, saying “there is clear bipartisan support for the kind of investment the president has long advocated – such as boosting domestic production, supporting and innovating our innovators. help bring their ideas from the lab to the factory floor, as well as addressing supply chain bottlenecks such as semiconductors that are raising prices in the middle class. ”

The multi-billion-dollar legislation addresses the U.S. supply chain and research, as well as development issues, to reduce dependence on Chinese-made products by providing $ 52 billion for U.S. semiconductor manufacturing, and $ 2 billion for critical electronics manufacturing, defense a motor component.

The legislation also addresses human rights and democracy issues by providing funding for U.S.-Taiwan cultural exchanges, recognizing Taiwan as part of the U.S. Indo-Pacific strategy, and banning the display of the Taiwanese flag during official to terminate visits to the USA.

File - Sen.  Mark Warner, D-Va., Chair Of The Senate Intelligence Committee, Speaks To Reporters At The Capitol In Washington, June 10, 2021.

File – Sen. Mark Warner, D-Va., Chair of the Senate Intelligence Committee, speaks to reporters at the Capitol in Washington, June 10, 2021.

Senate Intelligence Committee Chairman Mark Warner tweeted Tuesday, “Adopting the America COMPETES Act would mean taking concrete action to address long-term inflation and make a targeted investment in U.S. manufacturing. “I’ve been working on this bill from the beginning, and I’m ready to get it done.”

Chuck Schumer, leader of the Senate majority, said the process of reconciling the Senate and House versions would begin by the end of this week.

“I believe this bill will go down as one of the most important steps Congress can take to create more American jobs, correct our supply chains and complement another generation of American ingenuity that will shape our economy for a long, long time to come. will strengthen, “Schumer said Tuesday on the Senate floor.

While the legislation has some bipartisan support, one top Republican on the Senate’s foreign relations and intelligence committees said it did not do enough.

File - Sen. Marco Rubio, R-Fla., Speaks At A Hearing Of The Senate Foreign Relations Committee, On Capitol Hill, Washington, September 14, 2021.

FILE – Sen. Marco Rubio, R-Fla., Speaks at a hearing of the Senate Foreign Relations Committee, on Capitol Hill, Washington, September 14, 2021.

In a speech on the threat that Communist China poses to the conservative research group Heritage Foundation, Senator Marco Rubio referred to the America Competes Act as “this so-called China bill.”

Rubio said “it takes significant steps towards reinvestment in our nation’s capabilities. So, there are good things in that bill, but it does not build adequate safeguards to protect taxpayer-funded research and industrial investment. And that’s if due to pressure from universities and industry., support of billions of dollars, hundreds of millions of dollars, tens of millions of dollars in activities that the Chinese are now stealing, except with less money. Now they will just have access to more to steal. ”

Rubio further argued that the problem could not really be solved until China stopped supporting American companies to protect its interests. Rubio said its legislation blocking slave labor imports has received opposition from U.S. companies.

“They were more interested in appeasing the Chinese Communist Party and Xi Jinping, because it enables them to maximize, are interested in, their profit margins, than to do what is both morally right and good for their country,” Rubio said. Said Tuesday.

In response to the adoption of the bill, China’s Foreign Ministry spokesman Wang Wenbin told reporters: advocates strategic competition with China, and is full of the Cold War Zero-Thinking, which is contrary to the general desire of all walks of life in China and the United States to strengthen exchanges and cooperation.China strongly opposes this and will firmly defend one’s own interests. ”

This article is republished from – Voa News – Read the – original article.

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