Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise in strong support of H.R. 8361, the Economic Espionage Prevention Act, introduced by my colleague and friend from Georgia, Mr. McCormick. Today, our adversaries are working more closely than ever before. The Chinese Communist Party is providing massive industrial and economic support to Russia's renewed invasion of Ukraine. In fact, our State Department assesses that in the second half of 2023, China supported the transfer of nearly $300 million worth of semiconductors to Russia, including for use in missiles and drones. Deputy Secretary of State Kurt Campbell said: ``I think we have assessed over the course of the last couple of months that Russia has almost completely reconstituted militarily . . . with the support of China in particular.'' The Economic Espionage Prevention Act is therefore essential to changing the nature of the battlefield in Ukraine. This bill addresses cooperation between the CCP and Russia's defense industrial base by providing for sanctions against Chinese and Iranian individuals and entities that violate U.S. export control laws, engage in economic or industrial espionage, or support the Russian defense industrial base. The bill also requires the State Department to issue a report identifying Chinese individuals and entities that are supporting the Russian defense industrial base.…”