US Senate panel approves tech bill to address China

WASHINGTON: A US Senate committee voted 24-4 to pass a compromise measure authorising more than US$110 billion for basic and advanced technology research over five years in the face of rising competitive pressure from China.

"This legislation will allow the United States to out-compete countries like China, create more good-paying American jobs and help improve our country's economic and national security," said Senate Democratic Leader Chuck Schumer, who sponsored the bill along with Senator Todd Young, a Republican from Indiana.

Though there is broad consensus to increase funding for US innovation, concerns are mounting among some Republicans that the bill lacks tough rules to prevent US entities that benefit from the massive spending package from later sending research and development overseas, including potentially to China.Senator Marco Rubio said in a speech on the Senate floor on Tuesday that the legislation must prohibit American money from being invested in China's military companies.

"The fundamental concern with this bill as currently written is that it basically promotes taxpayer funded intellectual property, innovation, and research and development that could go into the hands of entities affiliated with or controlled by the Chinese Communist Party, or to China in general," the aide said.Advertisement

nothing to do with tech...just propaganda for hate on China...biden biden another chip from the old block

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