Political Quotes

“Mr. President, part of China's strategy to defeat the United States includes unfairly helping corporations buy out American companies. We can prevent these propped-up companies from gobbling up American businesses, but we don't always know which companies China subsidizes or by how much. A bill I introduced with Congressman Fitzgerald, the Foreign Merger Subsidy Disclosure Act, would require companies to disclose any subsidies they receive from foreign adversaries before a merger. If a company has received subsidies from a nation like Russia or China, U.S. antitrust regulators can use that information to determine whether or not the merger is fair. This bill has support from Republicans and Democrats, the administration, and the House of Representatives. We should pass this package of bills today to protect American businesses and consumers and to stop China's economic war against the United States. I yield to the Senator from Utah. The PRESIDING OFFICER. The Senator from Utah.”