Biden under bipartisan pressure to take ‘immediate action’ to stop tech transfer to China
By Ryan Lovelace - The Washington Times - Wednesday, February 22, 2023
The Biden administration is facing new pressure to combat China from swiping American tech via fresh concerns raised by the bipartisan leadership of the Senate Select Committee on Intelligence.
Sens. Mark Warner, Virginia Democrat, and Marco Rubio, Florida Republican, wrote to the leadership of the Commerce Departments and the Treasury requesting the agencies expand their tools and authorities to stop China from benefiting from American tech, personnel and cash.
The letters to Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo were made public on Tuesday by Mr. Warner, the intelligence committee chairman, and Mr. Rubio, the committee’s top-ranking Republican.
“We remain deeply concerned that U.S. technology and investment continue to flow into the People’s Republic of China’s (PRC’s) companies to effectively enhance the capabilities of the PRC’s military and to perpetuate its ongoing genocide in the Xinjiang Uyghur Autonomous Region,” the senators wrote to Ms. Yellen. “As such, we urge the Department of the Treasury to take immediate action to use its existing authorities to address these activities, which contradict U.S. national and economic interests.”
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READ MORE: https://www.washingtontimes.com/news/2023/feb/22/joe-biden-under-bipartisan-pressure-take-immediate/
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