Inhofe Opposes U.S. Innovation and Competition Act, Does Not Include Adequate Defense Spending

Source: United States Senator for Oklahoma James Inhofe

U.S. Sen. Jim Inhofe (R-Okla.) today announced his opposition to the U.S. Innovation and Competition Act, known previously as the Endless Frontier Act, because it does not provide adequate spending for defense:

“Choosing between technology and military priorities when it comes to competition with China is a false choice. The strongest signal we can send to deter China is by competing on all levels: in technological innovation, in domestic manufacturing and in providing resources to our military to create the strongest military deterrent possible. This legislation is incomplete without adequate defense funding and I cannot support it.” 

Sen. Cramer Touts Bipartisan Climate Efforts, North Dakota’s Leadership at Midwest Energy Summit

Source: United States Senator Kevin Cramer (R-ND)

WASHINGTON – U.S. Senator Kevin Cramer (R-ND), a Senate Environment and Public Works (EPW) Committee member, participated virtually in the Midwest Energy Summit hosted by the Fargo Moorhead West Fargo Chamber of Commerce today. The senator delivered remarks on bipartisan climate solutions being considered in Congress. 

“Maintaining America’s energy security is critical to protecting our freedom and independence. Rather than pointlessly argue about carbon emissions with fellow leaders, I want to work together to advance energy areas like carbon capture where widespread support exists and North Dakota is ready to lead the way,” said Senator Cramer. “I appreciate the Chamber allowing me to discuss these issues at this important summit today.”

In his remarks, Senator Cramer highlighted bipartisan efforts to support carbon capture, utilization, and storage (CCUS) technology, praised North Dakota Governor Doug Burgum’s pledge to make the state carbon neutral by 2030, and recapped the events he hosted in the state last week with Environmental Protection Agency (EPA) Administrator Michael Regan.

This year, Senator Cramer has been working to support the development and implementation of CCUS efforts. His recent efforts include:

  • Reintroducing legislation to encourage carbon capture projects.
  • Urging the Administration to provide an update on the implementation status of legislation Senator Cramer helped introduce and pass which would support carbon utilization and direct air capture research.
  • Working with financial industry leaders to support investments in carbon capture projects.
  • Promoting the potential of carbon capture technologies at EPW hearings.
  • Hosting a briefing in North Dakota on Project Tundra with EPA Administrator Regan.

Other efforts the senator backs which would help address greenhouse gas emissions in a workable way include:

  • Authoring legislation to plug orphaned wells which can create environmental hazards and public health risks.
  • Leading efforts to oppose the Russian Nord Stream 2 pipeline which would increase global emissions.
  • Urging the Administration to allow the Dakota Access Pipeline to continue operating so that oil will not be transported by less environmentally friendly methods like rail or truck.
  • Supporting the United States rejoining the Paris Climate Accord as a way to assert American leadership.

Press Releases 06/8/2021 Senate Passes Tillis-Supported Legislation That Will Hold China Accountable, Strengthen U.S. R&D and Technological Innovations We must do everything in our power to counter the Chinese Communist Party’s ultimate goal of overtaking the United States as the world’s top superpower and realigning the international system to serve China’s nefarious interests.

Source: United States Senator for North Carolina Thom Tillis

Legislation includes multiple Tillis provisions to support U.S. researchers impacted by COVID-19, safeguard American IP from China

WASHINGTON, D.C. – Today, the U.S. Senate passed the Endless Frontier Act, bipartisan legislation supported by U.S. Senator Thom Tillis (R-NC). The passage of the Endless Frontier Act includes several bills that Senator Tillis introduced, including:

  • The Research Investment to Spark the Economy (RISE) Act, legislation to authorize federal agencies to provide support to U.S. researchers who have been impacted by the COVID-19 Pandemic.
  • The Safeguarding American Innovation Act, legislation to prevent foreign governments, particularly China, from stealing American taxpayer-funded research and intellectual property developed at U.S. colleges and universities. 
  • The Transparency for Confucius Institutes Act, legislation to set transparency requirements for colleges with a Confucius Institute. 
  • The Sister Cities Transparency Act, legislation to increase transparency on the 157 sister city partnerships between U.S. and Chinese communities.
  • The Inventor Diversity for Economic Advancement (IDEA) Act, bipartisan, bicameral legislation to close the gap that women, minorities, and others face when procuring patent rights in the United States.

“We must do everything in our power to counter the Chinese Communist Party’s ultimate goal of overtaking the United States as the world’s top superpower and realigning the international system to serve China’s nefarious interests,” said Senator Tillis. “The CCP’s cover-up and deception surrounding COVID-19 underscores the need for the free world to take this threat seriously. The Endless Frontier Act is a good first step to protecting American jobs, research workforce pipeline, and innovation, and I am pleased that the RISE Act, Safeguarding American Innovation Act, and the IDEA Act were all included in the passage. I will continue to work across the aisle to protect the economy, public health, and national security of the United States and maintain our position as the leader of the world that protects sovereignty, enforces the rule of law, and respects human rights.”

Last year, Senator Tillis unveiled a detailed 18-point plan to hold the Chinese government accountable for its lies, deception, and cover-ups that ultimately led to the global COVID-19 pandemic.

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Schatz Provisions To Strengthen U.S.-Oceania Ties In United States Innovation And Competition Act Passes Senate

Source: United States Senator for Hawaii Brian Schatz

WASHINGTON – Today, the U.S. Senate passed the United States Innovation and Competition Act, major bipartisan legislation that enhances American global competitiveness and strengthens America’s foreign policy commitment to allies and partners in the Indo-Pacific and around the world. The legislation includes six provisions authored by U.S. Senator Brian Schatz (D-Hawai‘i) that will elevate Oceania’s role in the U.S. commitment to a free and open Indo-Pacific and ensure that the U.S. government is aligning its diplomatic mission to build on the cultural, historical, and familial bonds that bind Americans together with the people of Oceania.

“We have deep ties to the Oceania community grounded in our shared commitment to respecting human rights and the rule of law, protecting marine resources, and combating the global climate crisis,” said Senator Schatz, a member of the Senate Foreign Relations Committee. “This bill firms up our foreign policy commitment to Oceania by ensuring that we are aligning all the tools of U.S. diplomacy to strengthen people-to-people ties and support the economic needs and long-term resilience goals of our allies and partners in the region.”  

The Schatz provisions included in the bipartisan bill would:

  • Establish a statement of policy about the importance of elevating the entire Oceania region in U.S. national security and economic considerations and working with our allies and partners, including Australia, New Zealand, and Japan, to accomplish shared goals in the region, such as maritime security, illegal, unregulated, and unreported (IUU) fishing, environmental protection, and disaster preparedness;
  • Require the secretary of State to create a strategic roadmap for strengthening U.S. engagement with the countries of Oceania, including an analysis of opportunities to deepen cooperation with Australia, New Zealand, and Japan, to address shared concerns and goals in pursuit of security and resiliency in the countries of Oceania;
  • Ensure that the secretary of State and the U.S. Agency for International Development administrator include all independent least developed and developing countries of Oceania in existing strategic planning and multi-sector program evaluation processes so that the United States aligns its foreign assistance mission in Oceania to advance the long-term growth, governance, economic development, and resilience of allies and partners in the region;
  • Require the Peace Corps director to submit a report on strategies to reasonably and safely expand Peace Corps volunteers in Oceania where operational challenges related to the safety and security of its volunteers currently limit its ability to deploy volunteers to more places in support of helping address the social, economic, and development needs of countries in the region.  Importantly, the provision would not change or otherwise interfere with the independent mission of the Peace Corps, which has been an integral feature to ensuring the Peace Corps’ access around the world;
  • Require the secretary of State to provide Congress information on the feasibility of establishing a U.S.-based public-private sponsored Oceania Security Dialogue to amplify the voices of leaders from Oceania countries with U.S. policymakers and experts to help explore and discuss regional economic, diplomatic, and national security issues; and
  • Establish a sense of Congress about the impact that IUU fishing has on the economies of Oceania and require the secretary of State to provide a report assessing the use of advanced maritime domain awareness technologies to combat IUU fishing in Oceania, support regional fisheries management, and counter malign foreign influence in the region.

In addition to the Schatz provisions, the bill reasserts America’s commitment to universal values, including our longstanding commitment to human rights and civil society aimed at strengthening democracy, while ensuring that the United States is able to address the challenges of the Chinese government’s increased malign influence in the Western Hemisphere, Europe, Africa, the Middle East, the Arctic, and the Indo-Pacific.

The bill now heads to the U.S House of Representatives for consideration.

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Senate Passes Senator Stabenow’s Make It In America Act and Provision to Address the Semiconductor Shortage

Source: United States Senator for Michigan Debbie Stabenow

Stabenow Provisions Passed in the U.S. Innovation and Competition Act, which will Boost American Manufacturing, Create Jobs and Improve American Competitiveness

Tuesday, June 08, 2021



WASHINGTON, D.C. — The U.S. Senate today passed a bipartisan bill to invest in American innovation and manufacturing. The U.S. Innovation and Competition Act, which passed 68-32,  included U.S. Senator Debbie Stabenow’s Make It In America Act to strengthen Buy American laws. The bill will make it harder for federal agencies to use waivers to get around Buy American rules that require the federal government to give preference to products made in America.

 

The U.S. Innovation and Competition Act also includes Senator Stabenow’s and Senator Peters’ provision to provide the right incentives to increase American manufacturing of crucial manufacturing components. The Senators’ provision would provide $2 billion for the production of mature semiconductor technologies, which are needed by the automotive and defense industries and other manufacturing sectors. In total, the U.S. Innovation and Competition Act will invest $52 billion to offset the cost of constructing new American semiconductor facilities.

 

“For too long, countries on the other side of the world have been investing to win the global clean energy race. They have been outpacing us on funding new technologies, making critical components Americans rely on, and building electric vehicles. We are now at a crucial moment in our competition to win the clean energy manufacturing future for America and eliminate the real vulnerabilities we are seeing in our supply chains. These vulnerabilities have, unfortunately, been made much worse by COVID-19. My provisions that we are passing today address our long-term semiconductor shortage, close loopholes that allow the federal government to get around Buy American requirements, and will create new good paying jobs right here in Michigan,” said Senator Stabenow.

 

In 2018, Senator Stabenow issued her Buy American report that found exceptions and waivers to the Buy American Act allowed federal agencies to spend $92 billion on foreign-made products. Each year, federal agencies spend billions in taxpayer dollars to buy products from the private sector. The 1933 Buy American Act requires federal agencies to give preferential treatment to manufacturers of high quality, American-made goods and products. Unfortunately, loopholes, waivers, and outright violations have allowed federal agencies to buy products overseas — leaving our American manufacturers behind. 

 

The bill would also create a new “Made in America Office” within the Office of Management and Budget, charged with reviewing waivers to the Buy American Act and ensuring compliance with other Buy American laws. This office mirrors President Biden’s executive order to create a central office dedicated to enforcing Buy American laws. Finally, the Make It in America Act would give small- and medium-sized American manufacturers the first opportunity to provide products for federally-funded transportation projects. 

 

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Shaheen Secures NH & National Security Provisions in Landmark Bill to Invest in U.S. Competitiveness & Counter Chinese Aggression

Source: United States Senator for New Hampshire Jeanne Shaheen

June 08, 2021

**Bill Clears Senate across Party Lines and Includes Shaheen-Led Provisions on STEM Education & Enhancing Diplomatic Tools to Combat China’s Influence** 

(Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH) issued the following statement after the Senate passed the watershed bill, the U.S. Innovation and Competition Act of 2021, to counter an increasingly competitive and aggressive China. The comprehensive bipartisan bill invests in innovative education, good-paying jobs and cutting-edge industries to increase American competitiveness and safeguard our national security against China. The bill passed by 68-32 in the Senate and will now head to the U.S. House of Representatives for consideration. Included in the final bill was Shaheen’s provision to expand hands-on learning opportunities in STEM education to bolster the pipeline of students entering the STEM workforce and strengthen innovation in the economy.

“As our economy recovers from the pandemic and we face increasing aggression and manipulation from China, the time to invest in our workforce and competitiveness is now. That’s why today’s bipartisan passage of the U.S. Innovation and Competition Act of 2021 in the Senate is so monumental,” said Shaheen. “This comprehensive bill tackles many of the most pressing issues facing our country by investing in American innovation and manufacturing. From creating good-paying jobs to investing in cutting-edge industries that bolster our national security, this bill is among the most significant investments in our workforce in a generation. I’m proud my provisions were included in the final package – including enhancing diplomatic tools to counter China and investing in STEM education to train the next generation of leaders. I’m eager to work with partners in the House and the Biden administration to ensure this critical legislation to strengthen our economy and security is passed and signed into law.” 

NEW HAMPSHIRE PRIORITIES SECURED BY SHAHEEN IN THE U.S. INNOVATION AND COMPETITION ACT OF 2021 INCLUDE: 

Investing in STEM Education & Workforce through Hands-On Learning Opportunities 

Shaheen led the effort to expand opportunities for hands-on learning in science, technology, engineering and math (STEM) education through this package. Her bipartisan bill with Senator Capito (R-WV), the Supporting STEM Learning Opportunities Act, would invest in experiential learning opportunities to strengthen the pipeline of students entering the STEM workforce, especially from traditionally underrepresented groups like women and communities of color. The legislation seeks to address shortages in STEM expertise and strengthen innovation in the U.S. economy.   

Investing in Trade Policies to Support Developing Nations 

Shaheen successfully included a bipartisan provision based on standalone legislation with Senators Dick Durbin (D-IL) and John Boozman (R-AR), the  American Jobs through Greater Exports to Africa Act. Shaheen delivered remarks on the need to invest in U.S. trade policies to support developing nations and counter China’s influence during the Senate Foreign Relations Committee’s consideration of her bill. Shaheen’s provision aims to create American jobs by increasing the number of U.S. exports to Africa, Latin America and the Caribbean by at least 200 percent in real dollar value within ten years of enactment of the law. It would help American businesses compete against Chinese economic interests on the continent. 

Increasing U.S. Defense Attachés to Improve Diplomacy 

Shaheen successfully secured a provision that would increase the number of defense attachés in the Indo-Pacific region to enhance U.S. diplomatic capabilities. Shaheen’s effort would specifically expand the presence of U.S. diplomatic attachés in areas where China has resident military attachés but the United States does not, bolstering the U.S. presence and countering China’s influence. 

Pushing the Confirmation of Ambassadors in Key Strategic Regions 

Senator Shaheen successfully added a measure that would emphasize the importance of the administration nominating qualified ambassadors as quickly as possible – especially to countries in Central and South America – to ensure the United States is diplomatically positioned to blunt Chinese influence efforts in those areas.

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ICYMI: Shaheen Talks with Foreign Policy Magazine on Top Security Issues in Eastern Europe

Source: United States Senator for New Hampshire Jeanne Shaheen

June 08, 2021

**Interview comes on heels of Shaheen’s bipartisan CODEL trip to Lithuania, Ukraine and Georgia last week to discuss democracy reforms and combatting Russian aggression**

(Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH) spoke with Foreign Policy magazine to discuss pressing national security concerns facing Eastern Europe after leading a CODEL trip to the region last week. She shared what she hopes will come from the Biden-Putin summit in Geneva next week, as well as how to combat Russian aggression in the region and hold accountable emboldened dictators like President Lukashenka in Belarus. She also mentioned her close coordination with the Biden administration on issues like addressing mysterious directed-energy attacks on U.S. service members abroad.

Check out some highlights below:

On the upcoming Biden-Putin summit: “I would like to have President Biden be very clear with Vladimir Putin about what we think is acceptable when it comes to cyber hacking the United States and other democracies, when it comes to his aggressive intentions in Eastern Europe.”

On Lukashenka’s hijacking of Ryanair: “…it’s pretty clear that [Putin] was supportive of the hijacking of the Ryanair jet by Lukashenko. And so we need to be clear with him that these are not actions that are acceptable to free countries, to democracies, to Western Europe and the rest of the world.”

On meeting with the Belarussian opposition leader: “…one of the first things we have the ability to do is speak out with the international community…One reason we wanted to meet with Svetlana Tikhanovskaya was to let her know that we are supportive of what she’s doing, that we’re concerned about what’s happening with the opposition in Belarus.”

On directed-energy attacks against U.S. personnel: “I would like to see more done. I would like to see us ensure that everybody who’s affected gets the same level of treatment. I think we’re moving in that direction, but there are still some questions that I have about whether everyone is able to go to Walter Reed, for example, and get treatment.”

Read Senator Shaheen’s full Q+A with Foreign Policy here or below:

Sen. Shaheen: Ukrainian Officials Are “Anxious”

By Amy Mckinnon

June 8, 2021

On Wednesday, U.S. President Joe Biden will head to Europe in his first overseas trip since taking office. After a flurry of high-level meetings with G-7 and NATO members and the leadership of the European Union, during which Biden is expected to rally democratic allies, he will conclude his trip by meeting with his Russian counterpart, Vladimir Putin, in Geneva, Switzerland. 

The much-anticipated summit comes as relations between Washington and Moscow have reached their lowest ebb since the Cold War. In what is sure to be a contentious meeting, the two leaders will have no shortage of topics to discuss, including recent cyberattacks, arms control, the conflict in Syria, and Russia’s recent military buildup near the border with Ukraine.

Ahead of Biden’s trip to Europe, Foreign Policy spoke with Sen. Jeanne Shaheen, chair of the U.S. Senate Foreign Relations Subcommittee on Europe and Regional Security Cooperation, who returned last week from a bipartisan congressional delegation visit to Lithuania, Georgia, and Ukraine. This interview has been lightly edited for length and clarity. 

Foreign Policy: What were your hopes for this trip? Were you looking to send a particular message to U.S. allies in the region?

Sen. Jeanne Shaheen: Yes. We originally had started off planning to go to Ukraine and Georgia. You know some of the challenges that they’ve had in Georgia with the disagreement between the ruling party and the main opposition party. … And of course, Ukraine, because of the concerns about the ongoing fighting and the impact from Nord Stream 2 from the upcoming NATO summit, we thought it was very important to go there and make sure they understood how important we think they are as an ally, and that the progress that they have made we hope will continue. We wanted to reassure them that we support their efforts in reform of the judicial system and other aspects that have been challenging because of corruption in the country. And then we had the trip planned, and [Belarusian President Aleksandr] Lukashenko brought down the Ryanair jet. We thought based on that, it would be important to meet with the opposition leader in Lithuania as we were headed to Eastern Europe.

FP: When you were in Ukraine, what was the mood like among Ukrainian officials that you met with?

JS: Well, they were very concerned. They were concerned about what will happen with Nord Stream and what the impact would be on Ukraine. They were concerned about what was happening in Belarus. They were concerned about the upcoming NATO summit and future opportunities that they might have with NATO. They have fought with us in a number of the NATO missions, and they are very interested in the security, the allies that working with NATO would provide. So I think it’s fair to say that they were anxious. That’s why I was pleased to hear that President Biden talked to [Ukrainian] President [Volodymyr] Zelensky this afternoon.

FP: In an interview published by Axios, Zelensky said he was willing to meet Biden at “any spot on the planet” ahead of his meeting with Putin. Do you think it was appropriate for Biden to meet with Putin before meeting Zelensky?

JS: Well, I think that’s why the president called President Zelensky and why he invited him to the White House this summer.

FP: But that meeting will be after. I mean, the timing of meeting the Russian leader before the Ukrainian leader.

JS: No, I’m less concerned about the timing than I am about making sure that the meeting happens, that the president is speaking with Ukraine, that there is support for Ukraine’s aspirations, and that those lines of communication are open.

FP: National Security Advisor Jake Sullivan said at a press briefing on Monday that the administration isn’t looking to the upcoming summit with Putin in terms of deliverables, but it’s about tending this desire for a stable and predictable relationship. But do you have any objectives? What would you like to see come out of this meeting in Geneva?

JS: Well, I would like to have President Biden be very clear with Vladimir Putin about what we think is acceptable when it comes to cyber hacking the United States and other democracies, when it comes to his aggressive intentions in Eastern Europe. One of the things that we did when we were in Georgia was go up to the administrative boundary line of South Ossetia … and we met with the EU monitoring mission. We saw through binoculars the fencing that’s been put up, the effort to expand the footprint by Russia in South Ossetia. We heard from the EU mission that they are not allowed to patrol on the other side of the boundary line with South Ossetia even though that was part of the agreement that ended the conflict in Georgia.

So I think there are very real concerns about what Russia is doing, and the president should be letting them know that: that we think it’s unacceptable that they are still occupying Crimea and that they are still in open conflict in the Donbas in Ukraine and that they have soldiers stationed there. In South Ossetia, they estimated there are thousands, several thousand soldiers in the province. And we saw what happened earlier in the spring with the Russian buildup along Ukraine’s eastern front. They claim to have withdrawn the troops, but what we heard when we were there was that the equipment is all there. There are still tens of thousands of troops along that border, and that’s not acceptable. We don’t know exactly what he [Putin] did with Lukashenko, but it’s pretty clear that he was supportive of the hijacking of the Ryanair jet by Lukashenko. And so we need to be clear with him that these are not actions that are acceptable to free countries, to democracies, to Western Europe and the rest of the world.

FP: Commentators have often spoken about Putin’s desire to be seen as a grand player on the world stage. Do you have any concerns that a meeting with the U.S. president so early in his presidency will be spun at home as a win for the Russian president?

JS: Listen, he’s going to do that no matter when they meet. It doesn’t matter what the truth is. We’ve already seen that it doesn’t matter to Putin what the truth is. And I think it’s important for our president to be clear, after four years when it wasn’t clear from the Trump administration, about what’s acceptable and what isn’t.

FP: And I want to speak about Belarus a little bit because I know you met with [opposition leader Svetlana] Tikhanovskaya’s team when you were in Lithuania. What options do you think Western countries, the United States and Europe, have to respond to Lukashenko’s brutal crackdown, all the jailings and torture, especially given that this is a regime that has already weathered many, many years of sanctions?

JS: Well, it has, but one of the first things we have the ability to do is speak out with the international community. And one reason we were there, one reason we wanted to meet with Svetlana Tikhanovskaya was to let her know that we are supportive of what she’s doing, that we’re concerned about what’s happening with the opposition in Belarus. That we appreciate her courage, her willingness to leave her husband in prison to flee to Lithuania so she can operate and try and build support in Europe. And while she’s traveling around having meetings with folks trying to raise concerns about what’s happening in Belarus, what we saw from Putin and Lukashenko was their travel on Putin’s yacht while Lukashenko’s putting people in jail and torturing them. I mean, the juxtaposition of that can’t be lost on the free world.

So speaking out is one of the things we can do. We’re having a hearing this week in the Foreign Relations Committee where she [Tikhanovskaya] will appear virtually, and we have the ambassador to Belarus and other experts who are going to appear. So trying to shine a light for the international community on what’s happening there, I think, is very important. Unified sanctions, so it’s not just the United States, but it’s the EU and the United States and other countries that are concerned about what’s happening there, and continuing to raise the issue at every opportunity.

FP: You’ve co-sponsored a bill that would provide additional support for victims of Havana Syndrome. Do you feel like affected officials and military personnel are getting enough support currently? I mean, I’ve spoken to people who say they’ve really had to bang on doors to get referred to Walter Reed [National Military Medical Center] for treatment.

JS: Yeah. Sadly, I have spoken to some of those folks as well. I think the administration is taking this issue seriously. I think they are beginning to coordinate efforts. I would like to see more done. I would like to see us ensure that everybody who’s affected gets the same level of treatment. I think we’re moving in that direction, but there are still some questions that I have about whether everyone is able to go to Walter Reed, for example, and get treatment. And one of the things we know, or at least what we’ve heard from scientists, is the sooner people can get treatment, the better for their future prognosis. So ensuring that personnel, State Department, [Defense Department], our intelligence agencies understand this is a potential threat and what to do if it happens to them, I think, is really important. And again, this is where a coordinated effort at the highest levels is really important.

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Van Hollen, Toomey Request Briefing from Treasury on Efforts to Sanction Banks Facilitating China’s Crackdown on Hong Kong

Source: United States Senator for Maryland Chris Van Hollen

June 08, 2021

Today, U.S. Senators Chris Van Hollen (D-Md.) and Pat Toomey (R-Pa.) sent a letter to Treasury Secretary Janet Yellen requesting an immediate briefing on the Department’s efforts to implement the Hong Kong Autonomy Act (HKAA) and sanction foreign financial institutions supporting the Government of China’s crackdown on democracy in Hong Kong. The Senators’ legislation, signed into law in July 2020, required mandatory sanctions on malign persons and entities that directly undermine Hong Kong’s autonomy and secondary sanctions on banks that do business with those entities and persons. While the Administration punished 24 individuals under the HKAA in March, it did not identify any foreign financial institutions in its report last month. Senator Van Hollen is a member of the Senate Committee on Banking, Housing, and Urban Affairs and Senator Toomey serves as the Ranking Member of the Committee.

The text of the letter is available here and below.

Dear Secretary Yellen:

We write regarding the Treasury Department’s report to Congress submitted on May 18, 2021 pursuant to Section 5(b) of the Hong Kong Autonomy Act (HKAA). Enacted into law in July 2020 with unanimous bipartisan support, the HKAA is an essential tool in holding individuals and foreign banks accountable when they assist the Government of China in violating China’s obligations to Hong Kong under the Joint Declaration and Basic Law.

We applaud the administration’s March 16, 2021 identification of 24 previously sanctioned officials undermining Hong Kong’s freedoms pursuant to Section 5(a) of the HKAA. At the same time, we note that the recent Section 5(b) report failed to identify any foreign financial institutions (FFIs) that are doing business with persons identified under Section 5(a). As you know, the law requires the imposition of sanctions on any FFI that is knowingly conducting significant transactions with sanctioned individuals. We request an immediate briefing on the steps that the Treasury Department is taking to track down any such FFIs and to develop evidentiary sanctions packages that can withstand scrutiny if challenged in U.S court.

We appreciate your attention and look forward to your reply.

Sincerely,



Peters Helps Senate Pass Bipartisan Economic Competitiveness Bill with Michigan Wins

Source: United States Senator for Michigan Gary Peters

06.08.21

American Innovation and Competition Act Includes Key Provisions Peters Secured Strengthening Manufacturing & Expanding Domestic Semiconductor Production

WASHINGTON, DC – U.S. Senator Gary Peters (MI), a member of the Senate Commerce, Science and Transportation Committee, helped the Senate pass sweeping legislation tonight to strengthen manufacturing and boost economic competitiveness on the global stage, including to lessen our dependence on countries like China. The bill – the American Innovation and Competition Act – includes a number of provisions from Peters, including efforts to improve coordination between the Department of Commerce and the private sector on manufacturing and additional funding to expand domestic production of mature semiconductor chips. The shortage of these semiconductors have resulted in massive supply chain disruptions and idled auto plants across the country – including in Michigan. 

“I have long believed that you can’t be a great country if you don’t make things. This bill takes a number of steps to ensure we can continue to lead in manufacturing through the 21st century – especially as new technologies come online. We know that our global competitors – including the Chinese government – are making significant investments in research and development, and we must ensure Michigan and the U.S. can continue to lead the way in manufacturing and innovation,” said Senator Peters. “I was also pleased to work with Senator Stabenow to secure funding for domestic mature semiconductor production. These technologies are going to be critical for the future, and – as this semiconductor shortage has shown – we must secure our supply chains by expanding production and manufacturing right here in the United States. I’ll continue working to ensure Michigan remains at the cutting-edge of advanced manufacturing.”  

The bill includes Peters’ bipartisan legislation with U.S. Senator Marco Rubio (R-FL) to revive and elevate the National Manufacturing Advisory Council, which advises the federal government on manufacturing programs and policy. The Council advises the federal government on manufacturing programs and provides private sector guidance and insight to the federal government. The Council has met intermittently in recent years, and this bill would more formally establish the Council as a critical component in federal manufacturing policy and strategy. The package also authorizes increased funding for the Manufacturing Extension Partnership program, which has been a priority for Peters. 

Peters also worked with U.S. Senator Debbie Stabenow (MI) to strengthen the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act – which was signed into law as part of the national defense bill – to ensure that federal incentives for domestic chip production benefit American manufacturing. The legislation: 

  • Establishes Incentives for Domestic Mature Semiconductor Production: Creates a $2 billion supplemental incentive program to support the domestic production of mature semiconductor technologies. This new fund will be in addition to the Commerce Department’s existing semiconductor manufacturing incentive programs, which were created as part of the most recent national defense bill.
  • Supports Manufacturers Most Reliant on Mature Semiconductors: Within the supplemental $2 billion incentive program for mature semiconductor technologies, the legislation will ensure that semiconductor projects that support critical manufacturing industries are given priority status, which would include the automotive sector – as well as other manufacturing industries that the Secretary of Commerce identifies based on their relevance to the national and economic security of the United States.
  • Prioritizes Manufacturers Critical to National Security & Economy: The legislation also strengthens already-enacted CHIPS Act incentive programs for domestic semiconductor manufacturing by adding explicit language that ensures federal funds are used to promote American economic and national security interests, address supply chain gaps, and support a broad range of domestic industries.
  • Protects American Workers: The legislation requires compliance with Davis-Bacon laws for construction projects supported by CHIPS Act programs, which requires paying workers the local prevailing wage on federally funded or assisted construction projects.

The competitiveness bill includes $50 billion to ramp up and incentivize the production of semiconductors of all kinds in the U.S.— for a total of $52 billion overall. In addition the bill invests in National Science Foundation efforts, including research and development of new technologies and innovations. It also invests in STEM education so we have a strong and diverse workforce in tech fields. The competitiveness bill also would make our supply chains more resilient by having the Department of Commerce work more closely with the private sector. This is critical given our supply chain challenges our country has experienced with the pandemic and PPE and now with the semiconductor shortage. 

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Wicker, Rubio, Colleagues Reintroduce American Space Commerce Act

Source: United States Senator for Mississippi Roger Wicker

WASHINGTON — U.S. Senators Roger Wicker, R-Miss., and Marco Rubio, R-Fla, today joined U.S. Senators Dianne Feinstein, D-Calif., Ted Cruz, R-Texas, Rick Scott, R-Fla., and Alex Padilla, D-Calif. in reintroducing the bipartisan, bicameral American Space Commerce Act, legislation which would continue to bolster U.S. leadership in the space industry, enhance public-private partnerships with American companies, and further increase U.S. innovation.

“The United States has been a leader since the beginning of the space race, and it is vital that we maintain our leadership,” Wicker said. “This legislation would help us maintain our advantage by supporting investments in our domestic space industry, and therefore keeping American companies competitive. With a vibrant stateside industry, I am sure our nation’s space capabilities will remain the envy of the world.” 

“America’s commercial space industry is thriving, and its unique partnership with NASA is producing once unthinkable innovation and technological advances,” Rubio said. “Florida is at the center of incredible space innovation, which produces good paying jobs necessary for a strong economy and scientific breakthroughs that improve our daily lives. As nations, such as China and Russia, work to overtake us, we must do everything possible to ensure America’s leadership in space continues for generations to come.” 

The American Space Commerce Act is designed to boost investment in space by extending full expensing treatment, currently available to all businesses under the Tax Cuts and Jobs Act of 2017, to “qualified domestic space launch property” for an additional ten years beyond current law.

Specifically, the American Space Commerce Act would:

  • Extend the additional allowance of depreciation deduction under the Tax Cuts and Jobs Act (TCJA) for qualified domestic space launch property from December 31, 2023 until January 1, 2033 if the recovery period is less than twenty years;
  • Define “qualified space launch property” as a space transportation vehicle or payload that is launched from the United States, or other property or equipment placed in service for the purpose of facilitating a space launch from the United States.
  •  Only consider a spacecraft launched from the United States if the spacecraft is substantially manufactured in the United States or launched from an aircraft on a flight that originated from the United States.

See the full legislative text here.