Mr. President, the U.S. Innovation & Competition Act the Senate passed yesterday sends a loud, clear signal to the Government of the People's Republic of China and to the Chinese Communist Party: American foreign policy is grounded in our values, and we will work with our allies to defend our interests and to protect our friends. Enactment of this bill will place the United States in a much stronger position to thwart Chinese aggression, uphold human rights, increase U.S. competitiveness, and enhance our national security. I am proud to have worked on a bipartisan basis with Chairman Menendez and Ranking Member Risch and other colleagues in both parties to put forward legislation ensuring that defense of human rights and good governance and upgrading our armory in the battle against corruption remains at the forefront of our national security policy. This measure will complement the action President Biden took just last week to define the fight against corruption as a ``core U.S. national security interest.'' In the National Security Study Memorandum the President released on June 3, he ordered a high-level review of how our government, our partners, and others can work together to combat illicit, corrosive corrupt activity. The interagency review that he directed the National Security Advisor to lead should yield a robust strategy that brings all the tools at the disposal of the United States to bear on one of the most consequential problems we face.…
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