House China committee has first hearing | The newly formed Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party held its first hearing
on Tuesday evening. The committee, created in January and chaired by
Rep. Mike Gallagher (R-WI), invited four individuals to testify about
“The Chinese Communist Party’s Threat to America.” The four witnesses
are Matthew Pottinger and H.R. McMaster, who advised President Donald
Trump on national security, as well as human rights activist Tong Yi and
President of the Alliance for American Manufacturing Scott Paul.
"This
is not a polite tennis match," he said. "This is an existential
struggle over what life will look like in the 21st century," Gallagher
said in the opening. The focus of the testimonies was China’s narratives
about itself and the U.S.
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House foreign committee holds hearings on China policy | Earlier yesterday, the House Foreign Affairs Committee held a separate hearing
titled “Combatting the Generational Challenge of CCP Aggression.”
Daniel Kritenbrink, U.S. Assistant Secretary of State for East Asian and
Pacific Affairs, Michael Schiffer, Assistant Administrator of the
Bureau for Asia, Scott Nathan, CEO of U.S. International Development
Finance Corporation (DFC), and Alan Estevez, Under Secretary of Commerce
for Industry and Security of the Bureau of Industry and Security,
testified before the all the Committee members.
The
Committee Chairman Michael McCaul delivered an opening speech, calling
on his fellows to act to “address the China challenge.” The
hearing touched on a wide range of issues regarding China’s foreign
engagement, intellectual property (IP) practices, and technology
development.
On the same day, the committee passed the People’s Republic of China (PRC) Is Not a Developing Country Act (H.R.1107).
The bipartisan bill is an effort to remove China from the category of
developing countries and needs to pass two chambers of Congress before
reaching the President’s desk.
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House finance committee advances sanctions on China | The U.S. House Committee on Financial Services advanced yesterday a slew of China-focused legislation: Taiwan Conflict Deterrence Act of 2023 (H.R. 554): would enable the Treasury Secretary to cut Chinese officials’ and their families’ access to U.S. financial institutions Chinese Currency Accountability Act of 2023 (H.R. 510):
would require the U.S. to oppose any International Monetary Fund (IMF)
decisions to increase the Chinese yuan in Special Drawing Rights PROTECT Taiwan Act (H.R. 803):
would require U.S. officials to exclude Chinese representatives from
activities of the G20, Bank for International Settlements, and other
international bodies Taiwan Non-Discrimination Act of 2023 (H.R. 540):
would direct U.S. officials to facilitate Taiwan’s membership in the
IMF. This also was referred to the Foreign Affairs Committee China Financial Threat Mitigation Act of 2023 (H.R. 1156): would require Treasury to issue assessments of the economic risks posed by the Chinese financial sector China Exchange Rate Transparency Act of 2023 (H.R. 839): would require the U.S. to pressure the IMF to promote more transparency of China’s exchange rate arrangements To
hold the People's Republic of China accountable for the violation of
United States airspace and sovereignty with its high-altitude
surveillance balloon (H.R. 1151): would require a report on the recent balloon incident and actions by the President accordingly
All
the legislation, although still in early stages, reflected a rising
hawkish sentiment within the House, where the Republicans resumed
control not long ago.
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