Connect with us

Hi, what are you looking for?

Politics

U.S. lawmakers look to advance sweeping effort to counter China

Politics39 minutes ago (Apr 21, 2021 07:35AM ET)

(C) Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in Beijing

By Patricia Zengerle and Michael Martina

WASHINGTON (Reuters) – U.S. lawmakers expect sweeping legislation to boost the country’s ability to push back against China will advance through a Senate panel on Wednesday, after weeks of negotiations between Democrats and Republicans.

Senate Foreign Relations Committee members were set to debate the “Strategic Competition Act of 2021,” and consider amendments, before voting on whether to send it for a vote in the 100-member Senate.

“We’re really pleased that there is such a high degree of bipartisan consensus on this piece of legislation and on how to approach China and the Indo-Pacific region more broadly,” a Democratic congressional aide told reporters on a conference call on Tuesday.

The 280-page bill, details of which were first reported by Reuters on April 8, addresses economic competition with China, but also humanitarian and democratic values, such as imposing sanctions over the treatment of the minority Muslim Uighurs and supporting democracy in Hong Kong.

Committee members filed some 150 amendments, the aide said.

The bill is part of a fast-track effort announced in February by Democratic Senate Majority Leader Chuck Schumer to pass a wide range of legislation to counter China.

“Having something that is embedded into the statutory framework, that is durable and enduring, is really important, particularly if you’re looking at the sort of competition that we envisage with the People’s Republic of China in the years and decades ahead,” the aide said.

The measure also calls for hundreds of millions of dollars in funding, which still must be arranged.

“We’ve got to make sure the money is there,” the aide said. “If you don’t resource a strategy, you don’t actually have a strategy. We are acutely aware of the need to make sure that the resources are aligned with the enormity and scale of the challenge that we face across every dimension of power.”

U.S. lawmakers look to advance sweeping effort to counter China

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.

Uncategorized

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.

Uncategorized

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Disclaimer: Buzzclever.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Buzz Clever. All Rights Reserved