Two U.S. senators are pressing for greater scrutiny of American companies looking to offshore critical capabilities to foreign adversaries, like China, in a bid to protect America’s supply chain. The pandemic’s sharp disruption to global supply chains has underscored the need for the United States to reduce its reliance on foreign competitors on critical supplies from health equipment to natural resources, according to Sens. Bob Casey (D-Pa.) and John Cornyn (R-Tex.), who earlier this year introduced a bill aimed at addressing this issue. “This is not just an economic issue, this is a national security and public health imperative,” Cornyn said during a Dec. 15 virtual event hosted by Washington-based think tank Hudson Institute. The senators described the bill, titled the National Critical Capabilities Defense Act, which was first introduced in May and since referred to the Senate Committee on Finance, as a necessary measure in the face of Beijing’s …
Senators Want More Oversight of US Companies Looking to Offshore Critical Industries to China
December 15, 2021
admin
0 Comment