Biden Says Chinese Communist Party Is Lobbying Against Competition Bill

5Mind. The Meme Platform
The Epoch Times Header

President Joe Biden said on May 3 that the Chinese regime is trying to influence the outcome of legislation aimed at bolstering U.S. competitiveness against Beijing.

“Fundamentally, this is a national security issue. This is one of the reasons why the Chinese Communist Party is lobbying folks to oppose this bill,” Biden said. “And it’s an issue that unites Democrats and Republicans. So let’s get it done.”

The House version of the bill was approved in February, on a mostly party-line 222–210 vote. In the following month, the Senate bill was passed in a 68–28 vote, with 27 of the 28 senators who voted against it being Republicans. The legislation is known as the COMPETES Act, with one of the key provisions being to provide billions to support the U.S. semiconductor industry.

Biden made the remarks in Troy, Alabama, during a tour of a plant belonging to U.S. defense giant Lockheed Martin. The rest of his remarks focused mainly on the Ukraine war.

To make his case about the need for the legislation, Biden pointed to how a single Javelin anti-tank missile requires 200 semiconductors. Ukrainian forces have used the missiles to fight back against the Russian invasion.

“That’s why we are making it as hard as we can for Russia to get a hold of semiconductors and advanced technologies that it could use to upgrade its military during this conflict, and why we’re taking steps to make it easier to source what we need here in the United States during a global semiconductor shortage,” Biden said.

Now, the two chambers of Congress will start negotiations to reconcile differences in the respective bills before a final version can be sent to the president’s desk.

The White House didn’t respond to a request for comment by press time.

By Frank Fang

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Cruising into March Madness

At the U.S. Naval Academy, optimism is forged through discipline. This season, Navy men’s basketball has turned it into a historic Patriot League run.

The US Weaponized Russophobic Paranoia & Energy Geopolitics To Capture Control Of Europe

Trump’s push to acquire Greenland—backed by tariff threats—revealed a rigid vassal-client dynamic between the US and its European NATO allies.

What Happens Next?

Today's political discourse focuses on winning arguments, not on what happens when beliefs collide with reality.

NFL’s Bad Bunny had Fans Running

NFL and NBC lost viewers for about 30 minutes on Big Game Sunday as fans ditched network TV for TPUSA’s All-American Halftime Show online.

Senior Voters Are Key For GOP Victory In Midterms

Seniors are the most reliable voting bloc and could decide 2026. To win, the GOP must prevent major Medicare Advantage cost hikes for seniors.

Blue States Terminate ICE Agreements Amid Pressure on Agency–What to Know

Some states are banning their police departments from entering into specific agreements with U.S. ICE to apprehend illegal immigrants.

DOJ Takes Action After Chinese Group Fails to Divest of US Company

DOJ filed a complaint against China-based Suirui Group after the group failed to comply with an order to divest of California-based Jupiter Systems.

3,000 ICE Agents Have Body Cameras: ICE Director

Top immigration officials in the Trump administration said that about 3,000 ICE officers in the field now have body cameras.

FBI Releases New Images of Potential Suspect in Nancy Guthrie Kidnapping

The FBI on Feb. 10 released new images and videos showing a person outside the home of Nancy Guthrie, the mother of “Today” show host Savannah Guthrie.

Why Canada’s China Pivot Makes US Tariff Relief Harder

Analysts say Ottawa’s Beijing outreach is raising new security and trade concerns in Washington—making U.S. tariff relief even harder to secure.

Trump Lifts Biden-Era Restrictions on Commercial Fishing in Atlantic Marine Monument

President Trump revoked a prohibition on commercial fishing in the Northeast Canyons and Seamounts Marine National Monument.

US Unveils Interim Trade Framework With India, Drops Punitive Tariff

“The Interim trade framework between the US and India will represent a historic milestone in our countries’ partnership" countries said in a joint statement.

Trump Says He’s Still Looking ‘Seriously’ at Sending $2,000 Tariff Rebate Payments

Trump said in an interview that his administration is still considering sending out $2,000 payments to Americans derived from his tariffs.
spot_img

Related Articles