Political Quotes

“Mr. President, I rise today to respectfully request bipartisan support from my Senate colleagues on the Cornyn-Casey amendment No. 931, the Outbound Investment Transparency Act. This amendment would establish a program to provide visibility on U.S. investments going to the People's Republic of China and critical supply chains and technology sectors. Here is what the amendment does. The proposed amendment would establish a program led by the Department of the Treasury, in coordination with the Department of Commerce, that would require U.S. companies planning to invest in national security technology sectors in countries of concern to notify--notify--the Department of the Treasury before those deals are completed. This proposal has been vetted by industry, by the Senate Banking Committee, and by the U.S.-China Economic and Security Review Commission. Those are the fundamentals of this amendment. We all know that this year's Defense bill that we are going to be voting on today that we started last week tackles the toughest national security issues that face our Nation, and technological competition with the People's Republic of China is certainly at the top of that list. Right now, we are in competition with a communist government that doesn't play by the rules. The Chinese Government employs economic espionage, and it exploits the United States' open research and innovation to build up its own capabilities. U.S.…”