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US senators asked to draft legislative package to ‘outcompete’ China, invest in alliances like India

Image source: AP

Majority Leader in the US Senate Chuck Schumer

US Senate Majority Leader Chuck Schumer has called on fellow Democrats to draft a legislative package to ‘outdo’ China, create new US jobs and invest in strategic partners and alliances like NATO and the United States. ‘India. During a caucus call on Tuesday, Schumer discussed his willingness to lead Senate committees to draft a bill to protect American jobs and beat China.

He said his intention was to submit the bill to the Senate for a vote this spring.

“Today, I asked the presidents and members of our relevant committees to start drafting a legislative package to beat China and create new American jobs,” Schumer said.

The new legislation, he said, must achieve three goals. They should strengthen US competitiveness with China by investing in US innovation, US workers and US manufacturing industry; investing in alliances and strategic partners: NATO, South East Asia and India; and expose, curb and end once and for all China’s predatory practices that have hurt so many American jobs, Schumer said.

The centerpiece of the bill will be a bicameral, bipartisan bill, the Endless Borders Act, which Schumer introduced last year along with Sen. Todd Young, Indo-American Congressman Ro Khanna and Sen. Mike Gallagh in the House.

“It will take the major cutting industries and making American investments so that we are ahead of China in all of them. In addition, we will seriously invest in strengthening the US semiconductor industry in order to beat China and stop relying on foreign sources, ”Schumer said.

He said that semiconductor manufacturing is a dangerous weak spot in the US economy and national security today and that must change.

“You’ve all seen auto factories across America being closed because they can’t get the chips. We cannot rely on foreign processors for the chips.

We cannot let China get ahead of us in chip production. This will be part of the proposal that we will present, ”said Schumer.

“We will also talk about the release of 5G and how America can remain number one in this country. And all of them have bipartisan support. The bill that we intend to introduce … will be bipartisan. Our intention is to submit this bill to the Senate for a vote this spring, ”he said.

This month alone, nearly 20 anti-China laws have been introduced or reintroduced in either chamber of the US Congress.

In a U.S. Senate Finance Committee hearing, Senator Todd Young urged the Treasury Department to assure Americans that they are not unknowingly investing in U.S.-sanctioned Chinese companies and other dubious Chinese companies linked to human rights violations.

Also in a letter to Treasury Secretary Janet Yellen, Young wrote that if the Biden administration rolled back the policies of the past four years, Americans could unwittingly support Chinese companies affiliated with the Chinese military and others who commit genocide against the Uyghur population in China, fabrication of advanced weapon systems and construction of an oppressive surveillance state.

“One of China’s most glaring weaknesses is access to the kind of large-scale financing that only US financial markets can adequately provide,” Young wrote.

“As it is one of the greatest strengths of our country, we must take all necessary measures to protect it. We must place the protection of US investors and our national security interests above any short-lived investment gain in funding the Chinese Communist Party and its affiliated businesses and activities, ”he said.

Four Republican Senators Mitt Romney, Marco Rubio, Chuck Grassley and Rob Portman in a letter to President Joe Biden urged him to implement the proposed rule requiring U.S. academic institutions to disclose their relationships with Confucius Institutes, which are funded by the Chinese Communist Party.

“We have significant concerns about the CCP’s evil actions and urge you to honor your commitments to advance the interests of the American people as we collectively respond to the challenge that the CCP poses,” they wrote.

“We believe it is extremely important to better understand and reduce the influence of the CCP on the American people, including through Hanban, its propaganda arm that runs the Confucius Institutes through the Ministry of Education of the PRC. The proposed rule is a necessary step in this effort and would bring the necessary transparency to the Confucius Institutes, ”said the senators.

They alleged that the funding of the Confucius Institute comes with conditions that could compromise academic freedom.

Chinese teachers sign contracts with the Chinese government pledging not to harm China’s national interests. Such limitations attempt to export China’s censorship from political debate and prevent discussion of potentially politically sensitive topics, senators said.

“The Confucius Institutes are part of China’s larger long-term strategy. Through the Confucius Institutes, the Chinese government is trying to change the perception in the United States and the world that China is an economic and security threat.

“The soft power of the Confucius Institutes encourages complacency in China’s ubiquitous and long-term initiatives against criticism of the government at home and overseas businesses and academic institutions,” they said.

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