U.S. House committee to consider sweeping China bill next week

• The U.S. House of Representatives Foreign Affairs Committee has scheduled a meeting on Wednesday to consider sweeping legislation to boost economic competitiveness and push Beijing on human rights.
• The panel would mark up or debate and consider amendments to the Eagle Act, which was introduced last month.
• 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.

The U.S. House of Representatives Foreign Affairs Committee has scheduled a meeting on Wednesday to consider sweeping legislation to boost economic competitiveness and push Beijing on human rights, part of an ongoing effort in Congress to address competition with China.

Committee aides said on Thursday the panel would mark up or debate and consider amendments to the “Ensuring American Global Leadership and Engagement Act,” or Eagle Act, at a meeting at 1 p.m. EDT on June 30.

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.

Representative Gregory Meeks, chairman of the Foreign Affairs panel, introduced the Eagle Act last month.

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.

House leaders opted not to take up and consider the Senate’s legislation. House committees have instead been working on their own legislation, a process that could mean a months-long wait for any bill to be sent to the White House for Biden to sign into law.

Read more at  https://www.cnbc.com/2021/06/25/us-house-committee-to-consider-sweeping-china-bill.html