As the U.S. House of Representatives considers the “America Competes Act”—a bill marketed as promote U.S. competitiveness with the Chinese Communist Party (CCP)—some say it may have the opposite effect. The 2,900-page bill—intended to enhance the nation’s competitive power by promoting policies that foster technological advancement—was the House’s response to the Senate’s bipartisan U.S. Innovation and Competition Act, which was passed in June of last year. However, GOP lawmakers say the House’s bill is watered down compared to the Senate’s, containing policies to ease inflation rather than promoting the nation’s competitive power via policies that both foster technological innovation and even the playing field regarding the CCP. “[The America Competes Act] is a slush fund of taxpayer money,” Rep. Michelle Steel (R-Calif.) told The Epoch Times, adding that the bill would add over $300 billion in new spending. “This bill has a lot of flaws, but we are actually introducing …