• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

House tees up ‘China Week’ with floor votes aimed at combatting CCP espionage and economic advances

by September 6, 2024
written by September 6, 2024

After six weeks of recess, the House is set to fast-track approval of a slew of China-related bills that aim to counter the U.S.’s growing foe beginning on Monday. 

With only three weeks of work on Capitol Hill before the November election, the Republican-led lower chamber is dedicating precious floor time to bills that would root out Chinese spyware within the country and set up the next president to take tougher action against Beijing. 

‘We wanted to combine them all into one week so that you had a real sharp focus on the fact that we need to be aggressive in confronting the threat that China poses,’ Majority Leader Steve Scalise told Fox News Digital about the planned ‘China Week.’

‘I think we can get real bipartisan support for a number of these,’ the Louisiana Republican said. ‘They’re all bills that should be very bipartisan, because there are things that China is doing right now that are direct threats to our country’s national security, and if we get strong bipartisan votes, you have a higher chance of getting through the Senate.’

Scalise said that four bills will come up under a rule, meaning that they will be debated by the House and that members can offer amendments. Still more will come up under suspension of the rules, meaning that the House is aiming to pass them quickly and without debate. 

Scalise highlighted one bill that would undo the Biden administration’s guidance allowing Chinese-made electric vehicles to qualify for a $7,500 tax credit. The move enraged even West Virginia’s Democrat-turned-Independent Sen. Joe Manchin, who helped author the Inflation Reduction Act that allowed for the credit. 

The End Chinese Dominance of Electric Vehicles Act, introduced by Rep. Carol Miller, R-W.Va., would tighten the Foreign Entity of Concern (FEOC) definition of a 30D EV that qualifies for the credit to exclude those vehicles with significant parts that are made in China. 

Another bill would broadly ban China from purchasing U.S. farmland. Chinese entities owned about 380,000 acres of agricultural land in the U.S. as of 2023, or less than 1%. 

Another bill, the No WHO Pandemic Preparedness Treaty Without Senate Approval Act, would prevent the U.S. from agreeing to any pandemic preparedness agreement negotiated by the World Health Organization (WHO) without the approval of two-thirds of the Senate. 

‘We’re giving an extra buffer so that the administration can’t just go partner up with WHO and come up with an agreement that would result in really bad policy for America,’ Scalise said. 

Another bill, the Biosecure Act, would ban federal agencies that run research labs from using any biotech equipment from any company that could be at risk of harnessing data to send back to the CCP.

Another, the DHS Restrictions on Confucius Institutes and Chinese Entities of Concern Act, would prevent any federal money from going to universities involved with CCP-run Confucius Institutes. 

‘You’re seeing China get more involved in our higher ed institutions,’ said Scalise. 

During former President Donald Trump’s administration in 2018, Congress ‘restricted federal funding to schools with institutes; nearly all of the institutes have since closed,’ according to Congress’s Government Accountability Office (GAO).

Another piece of legislation would re-establish a task force formed under Trump within the Department of Justice specifically focused on Chinese espionage. 

FBI Director Christopher Wray estimated last year his agency has more than 2,000 active investigations related to Chinese spying. 

The FBI estimates that Chinese counterfeit goods, pirated software and theft of trade secrets have cost the U.S. economy between $225 billion and $600 billion. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
‘Orange Man’ Trump will jail protesters, Jane Fonda claims at Harris event for overseas voters
next post
Google’s second antitrust trial could help shape the future of online ads

related articles

From Biden’s ‘war’ on gas prices to ‘small...

March 13, 2026

US diplomatic facility in Iraq struck by drone

March 13, 2026

171 million travelers face airport delays as Democrats’...

March 13, 2026

From Biden’s ‘war’ on gas prices to ‘small...

March 13, 2026

FDA launches new AI-powered system to track drug...

March 13, 2026

Cornyn reverses on filibuster stance to push Trump’s...

March 13, 2026

DAVID MARCUS: Sen Thune has no idea how...

March 13, 2026

Trump touts 5-0 sweep by endorsed candidates in...

March 13, 2026

US destroys 16 Iranian mine boats as Strait...

March 13, 2026

House GOP urges Trump to choke off Iran...

March 13, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Fetterman backs Trump after Iran strikes: ‘The correct move’

    June 22, 2025
  • Top 5 moments from Pete Hegseth’s Senate confirmation hearing

    January 14, 2025
  • FBI investigating rise in swatting incidents after several conservatives targeted, Kash Patel says

    March 15, 2025
  • Trump meets Ukraine’s Zelenskyy at Trump Tower, says Russia’s war must end with ‘fair deal’

    September 27, 2024
  • Satellite images reveal alleged secret Iranian nuclear weapons facility

    May 8, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025

Categories

  • Economy (829)
  • Editor's Pick (8,376)
  • Investing (1,185)
  • Stock (981)

Latest Posts

  • Why Tesla stock is sliding another 4% on Friday

    April 11, 2025
  • 7 reasons to fear Kamala Harris’ radical ‘Medicare-for-all’ schemes

    August 20, 2024
  • Southwest Airlines’ move to end open-seating a strategic genius or a mistake?

    July 30, 2024

Recent Posts

  • Asia-Pacific markets mixed as Japan inflation data, Trump tariff threats weigh on sentiment

    February 21, 2025
  • From Zapruder to smartphones: assassination footage reshapes America’s view of political violence

    September 14, 2025
  • Charlie Kirk assassination sparks bipartisan uproar over political violence as Utah manhunt underway

    September 10, 2025

Editor’s Pick

  • Knives out for Fetterman: Maverick senator joins long line of Dems punished for breaking from left

    May 13, 2025
  • AG Bondi says violent anti-Israel student protesters in US on visas ‘need to be kicked out’

    February 21, 2025
  • Israel vows to kill new Hamas political leader who plotted Oct. 7 massacre

    August 7, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock