.SenSchumer and top Democrats are drafting a new proposal that intends to address competition with China and prepare a plan to combat aggression against Taiwan.
Now, Schumer and Democrats serving as chairs of committees are trying to take it a step further, with a plan to draft a package of bills to tighten regulations in an effort to block U.S. capital from going to Chinese companies, deter China from initiating a conflict with Taiwan, and limit technology going to Beijing.
Schumer said he would begin working with leaders of the upper chamber’s committees to identify areas of importance when drafting the new legislation, which has been called the China Competition Bill 2.0.
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