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.

It Is Not Affordable To Vote Democrat

Democrats caused the affordability crisis, despite media claims it helps them. President Trump is working to fix the problems voters face.

Medical Association Demands ‘Elimination’ of Childhood Vaccine Exemptions

"The American Academy of Pediatrics urges ending all non-medical school exemptions, calling for complete removal of such exemptions for students."

Importing chaos: The paradox of nation building

Did anyone in the State Department truly think an Islamic theocracy could be remade into a Western democracy? The idea was always laughable.

Another “Isolated” Incident

We hear it more often. Another isolated incident. Another unpredictable tragedy. But these incidents are not isolated, they're becoming the new norm.

“Thank You Dr. Fauci” Documentary is Shocking!

Angel Studios has just released a documentary on the COVID-19 pandemic and Dr. Anthony Fauci’s involvement with the virus and response to the pandemic.

Dr. Oz Threatens to Pull Funding From Minnesota After $1 Billion in Medicaid Funding Was Stolen by Fraudsters

CMS threatened to withhold federal funding from Minnesota after fraudsters allegedly stole more than $1 billion set aside for Medicaid programs.

Border Czar Says 62,000 Illegally Smuggled Children Rescued So Far

Tom Homan says the Trump administration has located over 60,000 smuggled children, rescuing many from dangerous situations like trafficking and forced labor.

Senior US Diplomats Criticize EU Policies That Hit X With $140 Million Fine

Even before the EU’s fine was announced against X, U.S. VP JD Vance suggested it amounted to punishing X for ‘not engaging in censorship.’

FBI Director Patel Provides Update on Charlie Kirk Assassination Investigation

Kash Patel said he believes the suspect was responsible for Charlie Kirk’s death in the ongoing assassination investigation.

Trump Orders Task Forces to Protect Food Supply Chain Competition, Security

President Trump signed an EO establishing security task forces within the DOJ and FTC to protect competition across the U.S. food supply chain.

Trump Signs Memo to Align US Childhood Vaccines With Other Developed Countries

President Trump signed a Dec. 5 memo aiming to align U.S. childhood vaccine schedules with “developed countries,” which give fewer vaccines.

Trump Officials Signal Tariffs Here to Stay Regardless of Supreme Court Ruling

Trump’s top trade officials say the administration’s broad tariff program will stay in place even if the Supreme Court limits emergency economic powers.

Trump Unveils ‘America First’ National Security Strategy, Ending Global Policing Role

The White House has unveiled a new national security strategy built around President Donald Trump’s “America First” doctrine.
spot_img

Related Articles