• 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

Northwestern to pay $75M in federal civil-rights deal...

November 29, 2025

Trump to void all documents allegedly signed by...

November 28, 2025

NEWT GINGRICH: Republicans get second chance to finally...

November 28, 2025

How the White House turkey pardon became an...

November 27, 2025

Trump blocks South Africa from 2026 G20 summit...

November 26, 2025

Judge dismisses 2020 election interference case against Trump,...

November 26, 2025

Appeals court upholds $1 million penalty against Trump...

November 26, 2025

Politician named Adolf Hitler becomes focal point of...

November 26, 2025

Trump touts ‘progress’ on Ukraine-Russia deal, admits it’s...

November 26, 2025

US envoy gave Russian aide tips on how...

November 26, 2025
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

  • Biden has signed just 2 executive orders since dropping out of 2024 race, trailing past presidents

    September 9, 2024
  • Trump distances himself from Russia–Ukraine conflict: ‘Not our people, not our soldiers’

    May 21, 2025
  • EURAUD and EURNZD: EURAUD is coming off the weekly high

    September 6, 2024
  • Dems’ ‘delay tactic’ to ‘malign’ Patel and stall FBI confirmation dismissed as ‘baseless’ by top Senate leader

    February 5, 2025
  • Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

    May 13, 2025

Popular Posts

  • 1

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

    July 21, 2024
  • 2

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

    July 19, 2024
  • 3

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

    April 2, 2025
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,907)
  • Investing (634)
  • Stock (957)

Latest Posts

  • Trump’s Penny Policy: It makes sense to stop making cents

    February 11, 2025
  • Prosecution presses forward as Ryan Routh trial resumes on Day 6

    September 15, 2025
  • Trump’s ‘denuclearization’ suggestion with Russia and China: How would it work?

    February 3, 2025

Recent Posts

  • Philadelphia Fed President Patrick Harker advocates for interest rate cut in September

    August 23, 2024
  • Federal agencies scrub climate change from websites amid Trump rebranding

    February 3, 2025
  • Vaping advocate warns Dem crackdown on ‘common sense’ tobacco alternatives could backfire in swing states

    October 11, 2024

Editor’s Pick

  • Top House Dem exposes party’s strategy to blame Republicans for looming government shutdown

    September 24, 2025
  • ‘Presidential incapacity’: Senate Republican seeks paper trail of Biden’s autopen use

    June 26, 2025
  • Trump-backed spending bill goes down in flames as shutdown clock ticks down

    December 20, 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