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.

Loser Democrats Failed Plots to “Get Trump”

Americans are tired of the Democrats criminal antics against Trump and they are mindful of God’s Ninth Commandment, “Thou shalt not bear false witness!”

The Quintessential American Pragmatist

America’s 47th president has already secured key legacy victories, each driven by a pragmatic approach, even as Ukraine peace efforts remain unresolved.

Fat Propaganda Roundup: Documenting the meatiest, juiciest cuts of “fat acceptance” propaganda from corporate and social media.

Donald Trump has turned fatphobia into official government policy, denying obese immigrants visas on the grounds that they are financial liabilities.

The Seditious Six ARE the Enemies Within

America has gotten soft thanks to a desire to appease the progressive liberals and this softening can actually lead to the downfall of a nation.

REP. JASMINE CROCKETT WINS 2025 TURKEY OF THE YEAR AWARD

“Our Ringside Politics shows annually award a ‘Turkey of the Year’ to a politician, bureaucrat, or celebrity especially deserving the distinction.”

Stefanik Says Defense Bill Will Require Disclosure of FBI Investigations of Politicians

A defense bill will require the FBI to notify federal candidates whenever it launches counterintelligence investigations, Rep. Elise Stefanik said.

Trump Says National Guard Will Deploy to New Orleans at Governor’s Request

National Guard troops will be deployed to New Orleans to assist local law enforcement at the request of Louisiana Gov. Jeff Landry, President Trump said.

4-Times-Removed Illegal Immigrant Arrested in Hit-and-Run Death of 11-Year-Old Boy

An illegal immigrant previously deported four times was arrested in California for a hit-and-run that killed an 11-year-old boy.

Judge Restricts Immigration Arrests in Nation’s Capital

A federal judge on Dec. 2 ordered the Trump admin to stop making warrantless immigration arrests in the DC without probable cause.

Trump to Roll Back Biden-Era Fuel Standards, Admin Says It Will Save Americans $109 Billion

President Trump will eliminate fuel standard regulations imposed by Biden when he signs an executive order on Dec. 3 in the Oval Office.

Trump Pardons Democratic Rep. Henry Cuellar

President Trump said he is pardoning Rep. Henry Cuellar. The pardon ends the case against the congressman, who was under federal indictment.

Trump Gives Most Direct Endorsement for Abolishing Federal Income Tax

Trump provided his most direct endorsement yet that he believes his tariff policies would generate enough revenue to abolish federal income taxes.

White House Provides Summary of Trump’s Medical ‘Advanced Imaging’ Results

Press Sec. Karoline Leavitt read a summary of Trump’s “advanced imaging” results from his visit to Walter Reed National Military Medical Center in October.
spot_img

Related Articles

Popular Categories

MAGA Business Central