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.

Trump’s SCOTUS “Foreign Interests” Comment Explained

We've addressed claims Trump’s tariffs were illegal, but not his accusation that court members are influenced by foreign interests.

The Party Of Hate Is Unleashing Political Violence

Sec. Scott Bessent placed blame for violence against President Trump squarely on the Democrat Party who are “normalizing this violence. It’s got to stop.”

‘Radical Right’ Restore Britain: The Remigration Dream Machine?

There is nothing wrong with being white, male, or straight—you are not the problem. The issue lies in systems, not individuals, and flawed DEI policies.

Trump 2.0’s Grand Strategy Against China Is Slowly But Surely Coming Together

Casual observers think Trump acts without strategy, but Trump 2.0 is steadily executing a calculated plan aimed at countering China’s global rise.

From legacy to liability

"When the Washington Post cut a third of its shrinking staff, leaders called it 'strategic restructuring'—like calling an iceberg a 'necessary pivot.'!"

Savannah Guthrie Announces $1 Million Reward for Information in Mother’s Disappearance

Savannah Guthrie has said she is offering a $1 million reward for information related to the location of her missing mother, Nancy Guthrie.

Early Tax Refunds Are Showing a 14 Percent Increase, IRS Says

The average tax refund for American taxpayers has increased on a year-over-year basis, the IRS said in a Feb. 20 update.

EPA to Reform $5 Billion ‘Clean School Bus’ Program

EPA is revamping the Biden administration’s Clean School Bus (CSB) program, which focused on installing electric buses at U.S. schools.

Judge Says Jack Smith’s Final Report on Trump Can Never Be Released

A federal judge on Feb. 23 said that the final report on President Donald Trump compiled by a former special counsel shall not be released.

5 Things to Watch at Trump’s State of the Union

President Trump prepares to deliver his first State of the Union of his second term, highlighting achievements and rallying GOP support before 2026 elections.

Trump Honors Angel Families, Proclaims National Day of Remembrance

President Trump issued a proclamation at the White House establishing Feb. 22 as National Angel Family Day to honor Americans killed by illegal immigrants.

US Trade Representative Says Nations Are Not Backing Out of Tariff Deals

U.S. trading partners who made deals under Trump show no plans to exit, even after the Supreme Court struck down most of his tariffs.

DOJ Fires Interim US Attorney Hours After Virginia Court Selects Him

The DOJ announced it fired the interim U.S. attorney for the Eastern District of Virginia just hours after judges on the court made the appointment.
spot_img

Related Articles

Popular Categories

MAGA Business Central