Lawmakers Push to Stop Funding Chinese Companies
How can these Chinese firms be getting our tax dollars? We must pray that our money does not go to nations that wish us harm.
From The Center Square. Several Republican senators introduced new legislation this week that would prevent U.S. taxpayer dollars from going to certain Chinese firms.
Sen. Marco Rubio, R-Fla., introduced the Turn Off the Tap Act along with Sen. Marsha Blackburn, R-Tenn., and Sen. Rick Scott, R-Fla. The bill would stop any federal funds from going to companies that have been blacklisted by the Department of Commerce’s Entity List and the Non-SDN Chinese Military-Industrial Complex Companies List.
“It’s not only dangerous to fund Chinese businesses with American taxpayer dollars, but it’s also dumb,” Rubio said. “This bill would prohibit federal funds from bankrolling Chinese and other firms we know are not acting in our best interest….”
The federal funding goes to these companies via federal grants or contracts which, aside from the national security concerns, threatens American businesses since Chinese companies have a history of predatory investment and stealing U.S. intellectual property….
Rep. Claudia Tenney, R-N.Y., introduced companion legislation in the House with the same goal….
Sen. Josh Hawley, R-Mo., introduced a similar bill Monday, the “Time to Choose Act,” which would “prohibit the Department of Defense and other federal agencies from contracting with consulting firms like McKinsey & Company who are simultaneously providing services to the Chinese government or its affiliates.”
Hawley said, “The fact that these consultants are awarded huge contracts by our Defense Department and other federal agencies, while they are simultaneously working to advance China’s efforts to coerce the United States is appalling and completely unacceptable….”
Are you praying over these bills? Share your thoughts and prayers below.
(Excerpt from The Center Square. Photo Credit: Alejandro Luengo on Unsplash)
Partner with Us
Intercessors for America is the trusted resource for millions of people across the United States committed to praying for our nation. If you have benefited from IFA's resources and community, please consider joining us as a monthly support partner. As a 501(c)3 organization, it's through your support that all this possible.
Thanks for Praying!