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.

Pride and Prejudice and the Modern Woman: What the Story Should Still Mean to Us Today

Why should Jane Austin's Pride and Prejudice be so influential? Because it upholds biblical precepts pertaining to purity, manhood and womanhood.

Epstein File Dump Confirms Pizzagate

Ten years ago Pizzagate was written off as a conspiracy theory. Recently the story has been exposed as viable and should be investigated further.

Gates Discussed Pandemic with Epstein in 2017!?

An email, from the newly released Epstein files, sent to Epstein with the subject “Preparing for Pandemics" allegedly came from Bill Gates.

Public Health™ Fatties For Flu Shots!

Meet Sarah Hoffman, former Alberta Minister of Health — in any sane time and place, the unlikeliest of sources for sound Public Health™ counsel.

How Will Key Countries Respond To The US’ Attempted Restoration Of Unipolarity?

The US’ new National Security and Defense Strategies outline the “Trump Doctrine,” signaling a grand strategy to restore American unipolar dominance worldwide.

Ryan Routh Sentenced to Life in Prison for Trump Assassination Attempt

A federal judge sentenced Ryan Routh to life in prison for attempting to assassinate then-candidate President Donald Trump in 2024.

DHS Reports More Than 180 Vehicle Attacks on Law Enforcement

Immigration officers have faced 182 vehicular attacks since President Donald Trump took office last year, the DHS said in a Feb. 3 statement.

Federal Judge Restricts Agents from Using Tear Gas at Protests in Portland

A federal judge ruled that federal agents must not use tear gas on protesters in Portland, Oregon, if they do not pose a threat of physical harm to agents.

Homan Announces Drawdown of 700 Federal Agents in Minnesota

Tom Homan said the Trump admin will redeploy 700 immigration agents from Minnesota, citing unprecedented county cooperation with ICE detainers.

Trump, Colombia’s Petro to Meet for White House Talks After Months of Sharp Tension

President Donald Trump will welcome Colombian President Gustavo Petro for a bilateral discussion at the White House in Washington on Feb. 3.

Trump Says UN Still Has Tremendous Potential, as Organization Struggles Financially

President Trump denied claims the UN may close its NYC headquarters for financial reasons, while praising the organization’s “tremendous potential.”

Trump Launches $12 Billion ‘Project Vault’ Critical Minerals Stockpile

President Donald Trump announced on Feb. 2 a new strategic private sector critical minerals stockpile.

US, India to Slash Tariffs Under New Trade Deal, Trump Says

The US and India have reached a trade agreement and will begin lowering tariffs on each other’s goods immediately, Trump announced
spot_img

Related Articles