{"id":1924223,"date":"2023-05-04T12:10:31","date_gmt":"2023-05-04T16:10:31","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-democrats-propose-new-legislation-to-counter-growing-threat-from-china\/"},"modified":"2023-05-04T12:13:26","modified_gmt":"2023-05-04T16:13:26","slug":"senate-democrats-propose-new-legislation-to-counter-growing-threat-from-china","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-democrats-propose-new-legislation-to-counter-growing-threat-from-china\/","title":{"rendered":"Senate Dems propose new law to counter China&#8217;s threat."},"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\">18<\/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%2Fsenate-democrats-propose-new-legislation-to-counter-growing-threat-from-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=1924223&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--><h2>Democrats Unveil &#8220;China Competition Bill 2.0&#8221; to Boost U.S. Investment and Deter Beijing<\/h2>\n<h3>Staving off Competition from China<\/h3>\n<p>Senate Majority Leader Chuck Schumer (D-N.Y.) has unveiled a new proposal aimed at boosting U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-visits-latin-america-to-tackle-migration-corruption\/\" title=\"Harris Visits Latin America to Tackle Migration, Corruption\">economic investment<\/a> and deterring Beijing from escalating conflict with Taiwan. The &#8220;China Competition Bill 2.0&#8221; builds off legislation signed into law last summer, authorizing more than $170 billion over five years to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-democrats-propose-new-legislation-to-counter-growing-threat-from-china\/\" title=\"Senate Dems propose new law to counter China's threat.\">bolster domestic scientific research<\/a> and $52 billion in new subsidies for manufacturers of semiconductors.<\/p>\n<h3>Limiting the Flow of Advanced Technology and Investment to the CCP<\/h3>\n<p>The bill aims to limit the flow of advanced technology and investment to the Chinese Communist Party (CCP) through exporting control laws, identify opportunities for new sanctions, and deter the Chinese regime&#8217;s coercion. It would also curtail the flow of investment to the CCP by authorizing the screening of investments in certain key sectors such as technology to prevent U.S. capital from going to Chinese companies.<\/p>\n<h3>Securing Domestic Economic Investment<\/h3>\n<p>The plan aims to secure domestic economic investment, taking into consideration areas such as biotech or bio-manufacturing among others, which Democrats say need increased funding. It also underscores America&#8217;s commitment to its economic allies while maintaining &#8220;partner alignment.&#8221;<\/p>\n<h3>Safeguarding America&#8217;s Allies and Partners<\/h3>\n<p>Finally, the Democrat plan would safeguard America&#8217;s allies and partners and their security by maintaining strategic alliances, with lawmakers citing China&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/secy-of-state-vows-to-defend-taiwan-against-chinese-invasion\/\" title=\"Secy. of State vows to defend Taiwan against Chinese invasion\">increasingly aggressive actions<\/a> towards Taiwan. &#8220;We cannot allow China to initiate a conflict with Taiwan. The U.S. reaffirmed our commitment to Taiwan through last year&#8217;s NDAA, but we must consider additional policy actions to further deter China,&#8221; lawmakers said.<\/p>\n<h3>Working with Republicans to Put Together a Final Bill<\/h3>\n<p>Schumer said at a press conference on Wednesday after unveiling the blueprint that he and other Senate Democrats are looking to work with Republicans to put together a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/heres-how-the-gops-stimulus-package-compares-to-bidens\/\" title=\"Here\u2019s How the GOP\u2019s Stimulus Package Compares to Biden\u2019s\">final bill<\/a> on the matter within the next several months. The United States remains the preferred economic partner of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/are-covid-case-surges-more-fake-news\/\" title=\"Are COVID Case Surges More Fake News?\">vast majority<\/a> of the globe, and this bill aims to ensure that China&#8217;s so-called Belt and Road initiative does not go unchallenged while supporting our allies and partners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate Majority Leader Chuck Schumer (D-N.Y.) on May 3 unveiled a new\u00a0Democrat proposal aimed at\u00a0staving off competition from China, boosting U.S. economic investment, and deterring Beijing from escalating conflict\u00a0with Taiwan. A blueprint of the proposal dubbed the \u201cChina Competition Bill 2.0,\u201d builds off\u00a0legislation signed into law last summer\u00a0authorizing more than $170 billion over five years<\/p>\n","protected":false},"author":69,"featured_media":1924224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[5909,4405,3933,6547,4978,3740,4104],"class_list":["post-1924223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-chinas","tag-counter","tag-dems","tag-law","tag-propose","tag-senate","tag-threat"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1924223","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\/69"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1924223"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1924223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1924224"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1924223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1924223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1924223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}