Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

U.S. House Republicans oppose Democratic-led China bill

Published 06/28/2021, 11:24 PM
Updated 06/28/2021, 11:26 PM
© Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. REUTERS/Aly Song/File Photo

By Patricia Zengerle

WASHINGTON (Reuters) - U.S. House of Representatives Foreign Affairs Committee Republicans said on Monday they opposed Democratic-led legislation intended to boost competitiveness with China and push Beijing on human rights, meaning the panel will likely advance the bill this week with only Democratic support.

A spokesperson for Representative Michael McCaul, the top committee Republican, said he opposed the "Ensuring American Global Leadership and Engagement Act," or Eagle Act, which the committee will consider on Wednesday.

The desire for a hard line in dealings with China is one of the few truly bipartisan sentiments in the deeply divided U.S. Congress, which is narrowly controlled by President Joe Biden's fellow Democrats.

However, the two parties disagree on how best to deal with China. For example, Republicans object to provisions in the Eagle Act that would authorize funding for climate initiatives.

But Republicans also said they felt the Eagle Act calls for too many studies and would be a missed opportunity to take meaningful action like tightening control of technology exports and regulating access to some types of sensitive personal data, such as Americans' health information.

"It's largely just a messaging bill," a Republican aide said.

The Eagle Act was introduced in May by Democratic Foreign Affairs Chairman Gregory Meeks.

The Senate on June 8 passed by a strong bipartisan 68-32 majority its own sweeping China bill, the "U.S. Innovation and Competition Act," or USICA, which authorizes about $190 billion for provisions to strengthen U.S. technology and research, and approved $54 billion to increase U.S. production and research into semiconductors and telecommunications equipment.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

"Tightening control... American's health information"! So, make it unable to track, then blame all on China.
Slap Trumps name on it and they will simp HARD for that bill.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.