Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
DAVID MARCUS: Trump’s base trusts him to play...
Trump weighs striking Iranian nuclear facilities: ‘I may...
GOP says Dems admit ‘guilt’ in Biden health...
Poll position: Where Trump stands in the eyes...
Ilhan Omar claims no one has ‘attacked Americans,’...
‘Squad’ members, GOP lawmaker join forces to reject...
Vance defends Gabbard as ‘critical part’ of Trump...
Trump downplays signs of MAGA unrest over possible...
‘Instincts for restraint’: Senate divided over who gets...
Top Trump ally predicts Senate will blow past...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Politics

House tees up ‘China Week’ with floor votes aimed at combatting CCP espionage and economic advances

by admin September 7, 2024
September 7, 2024
House tees up ‘China Week’ with floor votes aimed at combatting CCP espionage and economic advances

After six weeks of recess, the House is set to fast-track approval of a slew of China-related bills that aim to counter the U.S.’s growing foe beginning on Monday. 

With only three weeks of work on Capitol Hill before the November election, the Republican-led lower chamber is dedicating precious floor time to bills that would root out Chinese spyware within the country and set up the next president to take tougher action against Beijing. 

‘We wanted to combine them all into one week so that you had a real sharp focus on the fact that we need to be aggressive in confronting the threat that China poses,’ Majority Leader Steve Scalise told Fox News Digital about the planned ‘China Week.’

‘I think we can get real bipartisan support for a number of these,’ the Louisiana Republican said. ‘They’re all bills that should be very bipartisan, because there are things that China is doing right now that are direct threats to our country’s national security, and if we get strong bipartisan votes, you have a higher chance of getting through the Senate.’

Scalise said that four bills will come up under a rule, meaning that they will be debated by the House and that members can offer amendments. Still more will come up under suspension of the rules, meaning that the House is aiming to pass them quickly and without debate. 

Scalise highlighted one bill that would undo the Biden administration’s guidance allowing Chinese-made electric vehicles to qualify for a $7,500 tax credit. The move enraged even West Virginia’s Democrat-turned-Independent Sen. Joe Manchin, who helped author the Inflation Reduction Act that allowed for the credit. 

The End Chinese Dominance of Electric Vehicles Act, introduced by Rep. Carol Miller, R-W.Va., would tighten the Foreign Entity of Concern (FEOC) definition of a 30D EV that qualifies for the credit to exclude those vehicles with significant parts that are made in China. 

Another bill would broadly ban China from purchasing U.S. farmland. Chinese entities owned about 380,000 acres of agricultural land in the U.S. as of 2023, or less than 1%. 

Another bill, the No WHO Pandemic Preparedness Treaty Without Senate Approval Act, would prevent the U.S. from agreeing to any pandemic preparedness agreement negotiated by the World Health Organization (WHO) without the approval of two-thirds of the Senate. 

‘We’re giving an extra buffer so that the administration can’t just go partner up with WHO and come up with an agreement that would result in really bad policy for America,’ Scalise said. 

Another bill, the Biosecure Act, would ban federal agencies that run research labs from using any biotech equipment from any company that could be at risk of harnessing data to send back to the CCP.

Another, the DHS Restrictions on Confucius Institutes and Chinese Entities of Concern Act, would prevent any federal money from going to universities involved with CCP-run Confucius Institutes. 

‘You’re seeing China get more involved in our higher ed institutions,’ said Scalise. 

During former President Donald Trump’s administration in 2018, Congress ‘restricted federal funding to schools with institutes; nearly all of the institutes have since closed,’ according to Congress’s Government Accountability Office (GAO).

Another piece of legislation would re-establish a task force formed under Trump within the Department of Justice specifically focused on Chinese espionage. 

FBI Director Christopher Wray estimated last year his agency has more than 2,000 active investigations related to Chinese spying. 

The FBI estimates that Chinese counterfeit goods, pirated software and theft of trade secrets have cost the U.S. economy between $225 billion and $600 billion. 

This post appeared first on FOX NEWS

previous post
‘Orange Man’ Trump will jail protesters, Jane Fonda claims at Harris event for overseas voters
next post
Early voting means ‘election season’ may begin very soon

You may also like

Zelenskyy lambastes Putin over Christmas strikes: ‘What could...

December 26, 2024

Dem senator looks to hijack key Trump budget...

April 5, 2025

SCOOP: Dept of Energy says it saved $700M...

April 28, 2025

Kevin Hassett ‘very, very confident’ courts will back...

June 2, 2025

HHS slams ‘under-tested’ mRNA technology as Trump cuts...

May 29, 2025

ANDREW BATES: How Democrats can crush Republicans on...

February 3, 2025

Republicans 2 seats away from House majority, giving...

November 13, 2024

Trump’s ‘big, beautiful bill’ passes key House hurdle...

May 19, 2025

Nuclear watchdog urges ‘trust but verify’ that Iran...

April 24, 2025

‘Unethical garbage’: ProPublica faces backlash for ‘journalism’ claim...

December 14, 2024

Recent Posts

  • DAVID MARCUS: Trump’s base trusts him to play strong hand in Iran
  • Trump weighs striking Iranian nuclear facilities: ‘I may do it, I may not do it’
  • GOP says Dems admit ‘guilt’ in Biden health cover-up by boycotting Senate hearing on ‘constitutional scandal’
  • Poll position: Where Trump stands in the eyes of Americans five months into his second presidency
  • Ilhan Omar claims no one has ‘attacked Americans,’ but Iran’s deadly history tells different story

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (792)
    • Investing (2,350)
    • Politics (2,910)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.