Cassidy, Risch, Republican Colleagues Introduce Legislation to Compete with China

WASHINGTON - U.S. Senators Bill Cassidy, M.D. (R-LA), Jim Risch (R-ID), Pete Ricketts (R-NE), Todd Young (R-IN), John Barrasso (R-WY), Mike Crapo (R-ID), Dan Sullivan (R-AK), Mitt Romney (R-UT), John Cornyn (R-TX), Chuck Grassley (R-IA), and Shelley Moore Capito (R-WV) introduced the STRATEGIC Competition Act 2024, legislation to set up the United States and its allies and partners for success in the strategic competition against China.

"The Chinese Communist Party is the greatest geopolitical threat the U.S. faces," said Dr. Cassidy. "We cannot afford to turn a blind eye to their predatory trade practices and militarization. This bill lays out a strategy to protect our national and economic security."

"Despite the significant threat China poses to the United States, the U.S. Congress has failed to enact legislation in a number of crucial areas that would set up the United States, its allies, and partners for success," said Senator Risch. "This legislation takes strong positions to safeguard U.S. and allied interests and provides actionable provisions that will help us in our strategic competition with China. We cannot wait for more reports and studies - it is time to start implementing policies."

The STRATEGIC Act:

• Reforms the Foreign Agents Registration Act by removing commercial and Lobbying and Disclosure Act exemptions for foreign adversaries and giving the Department of Justice authorities to issue civil investigative demands.
• Counters malign Chinese Communist Party influence by enhancing think tank transparency, prohibiting certain gifts and contracts with strings attached to U.S. universities, improving research security, and exposing China's harassment and abuse of U.S. diplomats.
• Authorizes strategic infrastructure initiatives focused on digital, transport, and energy sectors, strengthens supply chain security, and lowers trade barriers in partner countries.
• Addresses predatory Chinese economic practices through anti-trust reform, a new initiative to counter economic coercion, and prohibition of World Bank contracts for Chinese companies. It also expands CFIUS to cover agricultural investments with national security risks.
• Strengthens international security by countering proliferation of Chinese unmanned aerial systems in the Middle East and modifying the Missile Technology Control Regime to increase AUKUS cooperation.
• Strengthens U.S. support for Taiwan and partner countries facing threats from China, and establishes a State/Treasury "Tiger Team" to start identifying targets for sanctions, export controls, other economic measures well before China takes military action.
• Protects U.S. interests in international organizations and support for human rights.
• Increases oversight of U.S. government funding for biological research with China.

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