Risch Leads Colleagues in Re-Introducing Comprehensive Legislation to Compete with China
WASHINGTON – U.S. Senator Jim Risch (R-Idaho), ranking member of the Senate Foreign Relations Committee, today led eight Republican colleagues in re-introducing the Strengthening Trade, Regional Alliances, Technology, and Economic and Geopolitical Initiatives Concerning China Act (STRATEGIC Act) to advance a comprehensive strategy for U.S. competition with the People’s Republic of China (PRC).
“The Chinese Communist Party presents an unprecedented threat to not only U.S. values and interests, but also to the free and open international system characterized by individual freedom and the rule of law – something the United States has carefully built over seven decades,” said Risch. “Any legislation that aims to confront this threat must address the full range of challenges posed by the CCP and marshal broad bipartisan support.”
“That is why I am proud to re-introduce the first comprehensive legislative package on competition with the PRC with several colleagues that have strong records on China,” Risch continued. “We are committed to working with our Democratic colleagues to ensure the United States and its allies and partners are prepared for this competition.”
Ranking Member Risch was joined by U.S. Senators Mitt Romney (R-Utah), Todd Young (R-Ind.), Dan Sullivan (R-Alaska), Mike Rounds (R-S.D.), Roger Wicker (R-Miss.), Marco Rubio (R-Fla.), Bill Hagerty (R-Tenn.), and Rob Portman (R-Ohio).
Key provisions of the STRATEGIC Act:
- Tackle China’s economic practices that distort global markets and hurt U.S. businesses, especially IP theft and mass government subsidization and sponsorship of Chinese companies.
- Confront tech competition by increasing technology collaboration with allies and partners.
- Safeguard institutions from malign and undue PRC influence.
- Strengthen U.S. posture in the Indo-Pacific to protect its interests, allies, and partners.
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