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Exclusive: The Senate appears ready to push forward with a bipartisan bill aimed at funding US semiconductor chip manufacturing and competition with China, so conservatives in the House of Representatives said the bill was actually “China Insist that it may “help.”
Republican research committee led by Republican Rep. Jim Banks released a note on Monday calling the bill “the latest version of Schumer’s fake so-called” China “bill,” referring to Senate majority leader Chuck Schumer. is doing. DN.Y. This memo indicates that it states “problematic clauses” including “inflationary spending in excess of $ 250 billion.”
“”[I]Instead of doubling the free enterprise system that made the United States one of the most innovative countries in the world and securing its own intellectual property, the bill seeks to mimic China’s failed central government spending model. “The RSC memo states. ..
HALEY opposes the computer chip bill: “We don’t have to be China to beat China.”
It is unlikely that the RSC will be able to block the passage of the bill. We won 16 Senate Republican votes in the first procedural vote last week and are expected to have similar numbers in another procedural vote at 5:30 pm ET on Monday.
In addition, Democrats controlling the House of Representatives are unlikely to need Republican help to pass the bill, which is supported by outside Republicans such as Texas Governor Greg Abbott. ing.
“Parliament has the opportunity to unleash even greater economic potential in Texas and the United States by passing the 2022 CHIPS Act,” Abbott said last week. “This law helps strengthen the secure semiconductor supply chain that is essential to our country’s economy and national security.”
Republicans split into major Chinese bills as legislative barriers to passage
However, the RSC memo points out some problems with the bill, stating that it would invalidate the bill’s purpose, and House Conservative efforts to limit Republican support for the room’s bill. You may have foreseen.
One of the problems that the memo cites is weak protection of intellectual property. It is noted that the latest version of the bill no longer contains provisions that give “a new reason for the Department of State to refuse visas to those who have previously cooperated or cooperated with organizations or groups related to hostile countries.”
“It also removes USICA provisions passed by the Senate … it would have imposed sanctions on Chinese entities for theft of US intellectual property and cyberattacks on US companies,” the memo said. I will add.
The RSC document also opposes environmental investment and the bill’s “awakened diversity priorities” and states that it has nothing to do with the fight against China. One of them is the “Chief Diversity Officer of the National Science Foundation”.
The memo further emphasizes that the ban on US funding of US funding for universities with Confucius Institutes associated with the Chinese Communist Party includes exemptions. And it raises concerns that the bill has waived Taiwan-related laws and sanctions on the Uighur massacre.
This was after some Republicans, including banks, attacked significant semiconductor funds in a bill equivalent to corporate welfare last week.
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Nonetheless, proponents of the bill say that the moment of US strategic competition with China is too great to make perfection a good enemy.
Republican aides said, “When the United States needs to reassert itself on the world stage, it will strengthen its bill to win the competition with China and thus strengthen its national and economic security. We are aiming for. ” He told Fox News Digital last week to advance the package.
“This is returning production to the United States,” RoKhanna, a member of D-Calif, one of the bill’s biggest boosters, told Fox News Digital. “People who’make America great’should do all this, that is, do they want these semiconductor chips to be made in America or led by China?”
Fox News’ Chad Pergram contributed to this report.