New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

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

0
FacebookTwitterGoogle +Pinterest
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

Related Posts

Hunter Biden knew 70% of art buyers, contradicting...

January 17, 2024

Rep. Victoria Spartz demands ‘assurances’ Speaker Johnson ‘won’t...

December 31, 2024

Election integrity group dishes out $50K to whistleblowers,...

July 25, 2024

Speaker Johnson says it’s U.S.’s ‘biblical admonition’ to...

April 16, 2024

US carries out strike targeting Iraqi militia leader...

January 6, 2024

Whitmer explains her Oval Office folder fiasco

April 15, 2025

Federal judge appointed by Trump quits group over...

March 12, 2025

House Dem expects first DOGE subcommittee meeting to...

February 12, 2025

Why this former Republican presidential candidate is at...

August 23, 2024

Trump could face renewed ISIS threat in Syria...

December 24, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Latest

    • At 90, the Dalai Lama braces for final showdown with Beijing: his reincarnation

      July 4, 2025
    • Russia becomes first nation to recognize Taliban government of Afghanistan since 2021 takeover

      July 4, 2025
    • Two arrested over ‘Chinese blessing scams’ targeting elderly Asian women in Australia

      July 4, 2025
    • Russia launches record number of drones at Ukraine after latest Trump-Putin phone call

      July 4, 2025
    • Elephant kills two female tourists from the UK and New Zealand in Zambian national park

      July 4, 2025
    • What is happening in South Korea? Seoul has caught the lovebug that nobody wants

      July 4, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

      December 22, 2023
    • 3

      Crypto Market 2023 Year-End Review

      December 22, 2023
    • 4

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 5

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 6

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 7

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023

    Categories

    • Business (1,398)
    • Investing (3,442)
    • Politics (4,517)
    • World (4,416)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.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 © 2025 newmarketperspective.com | All Rights Reserved