The US Senate has passed a major legislative package aimed at improving the country's economic competition with China and holding its Communist government accountable for predatory tactics.

The important anti-China bill was passed by the Senate with 68-32 votes. It is considered a major political victory by Senate Majority Leader Chuck Schumer who had made it a top priority.

The US Innovation and Competition Act invests more than USD 100 billion of taxpayer funds to solidify the United States' leadership in scientific and technological innovation critical to national security and economic competitiveness.

It will also strengthen the security of essential supply chains, and US ability to solve supply-chain disruptions during crises.

Additionally, the bill increases funding for National Science Foundation activities.

This legislation will go down as one of the most significant, bipartisan achievements of the US Senate in recent history, the senior Democratic Senator said.

“Around the globe, authoritarian governments believe that squabbling democracies like ours can't unite around national priorities. They believe that democracy itself is a relic of the past, and that by beating us to emerging technologies, many of them will be able to re-shape the world in their own image,” he said.

#USChina #USSenate

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