The White House claims the bill will 'make our supply chains stronger.'
A stronger America . And the White House claims it will"make our supply chains stronger" and allow the country to"outcompete China and the rest of the world."
“Right now, China and other bad actors are threatening our national security and global financial stability,” “This is why the America COMPETES Act is commonsense, long overdue legislation that will finally hold countries like China accountable for the ways that they engage in illicit or aggressive activity to harm our nation’s financial system. With this bill, our country and our allies will be stronger and better suited to compete and push back against these attacks.
“It eliminates the notice and comment process and it allows the Secretary to impose these measures “by order, regulation, or otherwise as permitted by law” permanently and secretly with no obligation to engage in a public process.” The provision is not entirely new. A similar Act was already proposed before and effectively killed by lobbying efforts initiated and led by groups like Coin Center.
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