GOP Sen. Todd Young says Xi Jinping is 'scared' of his bill because it would invest in U.S. technologies

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Sen.Todd Young, R-Ind., said Xi is 'scared' of his new bill in a Monday press release, adding that his fear is the reason behind reports of the Chinese Communist Party (CCP) 'pressuring American business leaders to oppose' the bill.

Sen. Todd Young, R-Ind., torched Xi as being"scared" of his new bill in a Monday press release, saying Xi’s fear is the reason behind reports of the Chinese Communist Party "pressuring American business leaders to oppose" the United States Innovation and Competition Act.

"The Chinese Communist Party knows that when we invest in American ingenuity, there is no nation in the world that can out-innovate the United States," he continued.that China has been putting pressure on American business leaders to oppose bills relating to the country. Additionally, the bill"includes critical funding for the CHIPS Act to address the worsening semiconductor shortage."Ahead of Biden's virtual summit with Xi Jinping Monday night, Young released a statement to Fox News slamming the Biden administration for"too much collaboration, and not enough competition" with China.

"Tonight is an opportunity for President Biden to turn the ship around," Young continued."In their conversation, I hope the President delivers an unequivocal defense of Taiwan and confronts Beijing for pursuing authoritarian aims in the region and around the globe."

 

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