Bill Would Allow US Companies to Better Compete With China, GOP Senators Say
Nine Republican senators on March 10 reintroduced a bill that they said will make the U.S. more competitive with China and counter illegal Chinese trade practices. The bill, originally introduced last year, would “tackle” Chinese efforts to “distort global markets”…
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and allow U.S. technology companies to better compete with China by “increasing technology collaboration with allies and partners.” The bill also includes several policy statements about export controls and sanctions, and stresses that the U.S. should be “crafting multilateral export control measures” with allies and with multilateral control groups, including the Wassenaar Arrangement. Sen. James Risch, R-Idaho, the top Republican on the Senate Foreign Relations Committee who helped craft the bill, said the legislation may have bipartisan support. “We are committed to working with our Democratic colleagues to ensure the United States and its allies and partners are prepared for this competition,” he said.