Political Quotes

“Madam Speaker, I move to suspend the rules and pass the bill (H.R. 1486) to impose sanctions with respect to economic or industrial espionage by foreign adversarial companies, and for other purposes, as amended. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 1486 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Economic Espionage Prevention Act''. SEC. 2. FINDINGS. Congress finds the following: (1) On March 14, 2024, the Department of State notified Congress of the following: (A) People's Republic of China exports of semiconductors to Russia have increased substantially since Russia's full-scale invasion of Ukraine. (B) In the second half of 2023, China exported between $25,000,000 and $50,000,000 in additional semiconductors to Russia every month relative to pre-invasion levels. (C) During the same period, China also exported between $50,000,000 and $100,000,000 in additional exports to Russia every month to known transshipment hubs. (D) These exports include both Chinese and United States- branded semiconductors (integrated circuits), according to analysis of commercially available trade data by the Bureau of Industry and Security of the Department of Commerce, and are almost certainly supporting Russia's military capabilities based on Ukrainian analysis of recovered Russian weapons.…”