China
Schumer Calls for CHIPS 2.0 Legislation to Up Competition with China
Earlier this month, Senate Majority Leader Chuck Schumer (D-NY) announced plans to develop bipartisan legislation aimed at strengthening the U.S.’s ability to continue outcompeting China in key technology development. As previously reported, earlier versions of the CHIPS and Science Act that was enacted last year and focused on domestic investment in semiconductor manufacturing, had a much larger focus on direct competition with China. However, many of those provisions pertaining to trade and foreign policy were dropped at the eleventh hour in order to get the final bill across the finish line. Now, Sen. Schumer wants to reinvigorate those and other…
House Votes to Establish Select Committee on China
On January 10, the House of Representatives established a new Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party. The Committee, which will have bipartisan membership and will be chaired by Mike Gallagher (R-WI), is authorized to hold public hearings and “to investigate and submit policy recommendations on the status of the Chinese Communist Party’s economic, technological, and security progress and its competition with the United States.” However, the Committee will not have legislative authority, meaning it will not have the authority to develop or consider legislation. The establishment of the Committee is another…