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.

Think America Is So Bad? Think Again.

There seems to be a growing sentiment, especially among younger Americans, that the United States is some kind of terrible place to live.

People are Waking Up to Islam   

President Donald Trump is not the only one waking...

The Transatlantic Paradox: Why The West Curses Its Cure

I am less concerned by media bias than the deeper pathology: a self-destructive push by Western elites against their own societies’ interests.

CBS Sunday Morning Show Sides w. Palestine   

The CBS Sunday Morning Show suggests archaeological digs in the West Bank have contributed to displacing Palestinians from their native land.

Serbia Thwarted A Major Ukrainian Terrorist Attack Against Hungary

Serbian President Vucic announced that the authorities discovered two bombs planted along the TurkStream gas pipeline transiting through his country.

Federal Appeals Court Allows Pentagon to Designate Anthropic as a Supply-Chain Risk

A federal appeals court in Washington ruled that, pending a full judicial review, the Dept. of War may designate Anthropic as a supply-chain risk

Complaint Says American Medical Association Should End Minority Scholarships or Lose Tax-Exempt Status

A national group opposing DEI in medical schools urges the IRS to consider revoking a nonprofit scholarship program’s tax-exempt status.

RFK Jr. Launches Podcast Aimed at Exposing ‘Lies’ About Health

Health Secretary Robert F. Kennedy Jr. is starting a podcast, he said in a promotional video statement released on April 8, 2026.

Pacific Justice Institute Defends Historical Integrity in Texas Education Debate

Brad Dacus Testifies Before State Board of Education on...

Trump Says Pam Bondi is Out as His Attorney General

President Trump says Pam Bondi is out as his Attorney General. Bondi will be replaced by her deputy Todd Blanche, who will serve as acting attorney general.

Trump Signs Order Imposing 100 Percent Tariffs on Certain Imported Pharmaceutical Drugs

President Donald Trump signed executive orders on Thursday raising levies on some medications and refining calculations on steel tariffs.

Trump Says US Core Objectives in Iran Are ‘Nearing Completion’ in Primetime Address

President Trump will deliver a primetime address from the White House on April 1 to update the nation on the U.S. military operation against Iran.
spot_img

Related Articles

Popular Categories

MAGA Business Central