{"id":1663171,"date":"2022-09-28T18:49:53","date_gmt":"2022-09-28T22:49:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1663171"},"modified":"2022-09-28T18:50:09","modified_gmt":"2022-09-28T22:50:09","slug":"lawmakers-push-biden-to-order-screening-of-us-investments-in-china","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/lawmakers-push-biden-to-order-screening-of-us-investments-in-china\/","title":{"rendered":"Lawmakers Push Biden to Order Screening of US Investments in China"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Flawmakers-push-biden-to-order-screening-of-us-investments-in-china%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1663171&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A bipartisan group of U.S. House and Senate lawmakers urged President Joe Biden to issue an executive order to increase the screening of investments by U.S. companies in foreign adversaries, particularly China.<\/p>\n<p>An executive order controlling U.S. <a href=\"https:\/\/www.theepochtimes.com\/t-investment-2\">investment<\/a> abroad would \u201csafeguard our national security and supply chain resiliency on outbound investments to foreign adversaries,\u201d eight senators wrote in a Sept. 27 letter (<a href=\"https:\/\/pascrell.house.gov\/uploadedfiles\/letter_to_president_biden_on_outbound_investment_executive_action2.pdf\">pdf<\/a>) to Biden.<\/p>\n<p>Congress has been considering <a href=\"https:\/\/www.theepochtimes.com\/senators-want-more-oversight-of-us-companies-looking-to-offshore-critical-industries-to-china_4159925.html\">a legislative proposal<\/a> that would give new powers to the U.S. government to review or block billions of dollars in U.S. outbound investments into China. The proposed legislation, dubbed the National Critical Capabilities Defense Act, was revised in June. Despite strong support, the measure was dealt a setback when it was removed from legislation to subsidize U.S. semiconductor chip manufacturing and research that was approved in August.<\/p>\n<p>Although negotiations continue, \u201cAmerican workers, businesses and our national security cannot afford to wait,\u201d reads a statement from House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader Chuck Schumer (D-N.Y.), Sen. John Cornyn (R-Texas), and other lawmakers.<\/p>\n<p>\u201cThe pandemic shined a spotlight on just how exposed U.S. supply chains are and the severe cost of relying on foreign adversaries for our Nation\u2019s critical capabilities,\u201d the lawmakers wrote in the letter.<\/p>\n<p>The group, which also included Rep. Bill Pascrell (D-N.J.), Rep. Rosa DeLauro (D-Conn.), Sen. Bob Casey (D-Pa.), Rep. Brian Fitzpatrick (R-Pa.), and Rep. Victoria Spartz (R-Ind.), pushed the president to \u201cmove forward with executive action\u201d to protect U.S. workers and advance U.S. economic security interests.<\/p>\n<p>The White House didn\u2019t respond to a request for comment.<\/p>\n<p> <a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2022\/09\/28\/GettyImages-1243529402-1200x801.jpg\"><\/a> U.S. President Joe Biden, shown during the third meeting of the White House Competition Council, in the State Dining Room of the White House on Sept. 26, 2022. (Mandel Ngan\/AFP via Getty Images) Government Action \u2018Long Overdue\u2019 <\/p>\n<p>The Biden administration<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bipartisan group of U.S. House and Senate lawmakers urged President Joe Biden to issue an executive order to increase the screening of investments by U.S. companies in foreign adversaries, particularly China. An executive order controlling U.S. investment abroad would \u201csafeguard our national security and supply chain resiliency on outbound investments to foreign adversaries,\u201d eight [\u2026]<\/p>\n","protected":false},"author":342,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1663171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1663171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/342"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1663171"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1663171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1663171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1663171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1663171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}