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.

“Despite” the Truth

Despite signals media skepticism—like “bless his heart”—subtly masking criticism of Trump’s policies and their real-world impact.

Project Anchor 8/12/2026 Gravity Stops for 7 Seconds

Viral story claims a shadowy “Project Anchor” government operation exists above top secret classification, fueling online speculation and intrigue.

Rubio’s Munich Speech Detailed Trump 2.0’s Envisaged New World Order

Sec. of State & Nat’l Security Adv., Marco Rubio, delivered a historic speech at the Munich Security Conference on Trump 2.0’s world order.

Federalism Isn’t a Relic — It’s America’s Political Shock Absorber

The resistance movement in Minneapolis is a glimpse of future conflict over the expansion of federal power, federalism, and the essential role of states.

Republican Voter Surge Shocks!

"Young and minority Americans, including Gen Z and Gen Alpha, are shifting from left to right, influenced by figures like Kirk, Presler, and Minaj."

Man Pleads Guilty to Assaulting Immigration Enforcement Officer During California Riot

California man pleads guilty to hurling concrete at occupied federal immigration vehicles during LA riots, injuring an officer.

Rev. Jesse Jackson Dies Aged 84

U.S. civil rights leader Rev. Jesse Jackson has died aged 84, according to a Feb. 17 announcement by his family.

2 High-Profile Transgender Surgery Cases Head to Trial

Two high-profile detransitioner cases involving women surgically altered as teens are headed to trial in 2027, raising legal and medical questions nationwide.

New Research Suggests Cause of Rare Blood-Clotting Side Effect From COVID-19 Vaccine

New research published in The New England Journal of Medicine suggests the cause of a rare blood-clotting side effect came from the COVID-19 Vaccine.

Rubio’s Warm Munich Address Carries Stark Warning for Europe

The Munich Security Conference wrapped up, but Sec. of State Marco Rubio’s speech is still making waves in the United States and Europe.

DOGE Says It Helped Terminate Billions of Dollars in New Contracts

DOGE helped terminate hundreds of contracts in the past month or so, providing the first public update on its work in more than a month.

Trump Admin Unveils Maritime Action Plan to Revive US Shipbuilding

The Trump administration unveiled a comprehensive Maritime Action Plan on Feb. 13 meant to resurrect the U.S. shipbuilding sector.

Trump Says US Military ‘Best-Trained, Best-Equipped’ Under His Administration

President Donald Trump highlighted military successes and investments during a speech to soldiers in Fayetteville, North Carolina.
spot_img

Related Articles

Popular Categories

MAGA Business Central