US senators introduce legislation to counter China on multiple fronts
- The Strategic Act ranges from intellectual property theft to countering Chinese aggression in the South China Sea
- Congress has only a few weeks left in current session to pass the bill which is latest in a series aimed at Beijing
The chairman of the US Senate Foreign Relations Committee and other Republican lawmakers on Wednesday introduced comprehensive legislation aimed at countering China on multiple fronts including intellectual property theft, government subsidies, and defence capabilities in Asia.
Senator Mitt Romney, one of the Republican Party’s most vocal critics of President Donald Trump, also co-authored the bill, called Strengthening Trade, Regional Alliances, Technology, and Economic and Geopolitical Initiatives Concerning China (Strategic) Act.
“The Chinese Communist Party is reshaping the international order to benefit authoritarian regimes and directly undermine American and democratic interests,” Risch said. “It is my intent and hope that this legislation will provide a blueprint to advance bipartisan cooperation in all aspects of the competition with China in 2020, and beyond.”
“Addressing the threat that China poses to our fundamental values of freedom, human rights, and free enterprise is the central challenge facing us in the 21st century,” Romney said. “We must take decisive action now to confront China’s growing aggression and dissuade them from their predatory efforts.”
On the economic front, the Strategic Act calls for a review of complaints by companies related to IP theft and an annual review of Chinese companies listed on US stock markets.