Senators Call for Investigation into Stock Trading Platforms with Ties to China

U.S. Senator Tommy Tuberville (R-AL) is leading a group of Senators in calling for an investigation into two commonly used stock trading platforms with ties to the Chinese Communist Party, Webull Financial, LLC and Moomoo, Inc. In a letter to Securities and Exchange Commission (SEC) Chairman Gary Gensler, Senator Tuberville and his colleagues Senators Ted Cruz (R-TX), Mike Braun … Continue reading Senators Call for Investigation into Stock Trading Platforms with Ties to China

Senate Democrats Object to Dr. Paul’s Amendment to Ban U.S. Funding of Gain-of-Function Research in China

Senate Democrats Tuesday objected to U.S. Senator Rand Paul’s amendment to the CHIPS-Plus Act that would permanently ban all U.S. funding of gain-of-function research in China. In the rush to pass this newly emerged legislation, some of the provisions the Senate previously agreed to in the original CHIPS bill were cut, including Dr. Paul’s gain-of-function … Continue reading Senate Democrats Object to Dr. Paul’s Amendment to Ban U.S. Funding of Gain-of-Function Research in China

Lankford, Ernst Demand Answers on Biden Stalling Investigation of Iranians Linked to Terrorism

Senator James Lankford (R-OK) joined Senator Joni Ernst (R-IA) and their colleagues to send a letter to the Department of Justice after Iranians with direct links to the country’s most prominent designated terrorist organization were detained in Argentina early last month. The Biden Administration has refused to provide key Argentinian law enforcement officials information confirming … Continue reading Lankford, Ernst Demand Answers on Biden Stalling Investigation of Iranians Linked to Terrorism

Senate-Passed Corporate Welfare “CHIPS” Bill Won’t Help U.S. Companies Out-Compete China

The Senate today passed the CHIPS+ Act, a bill that would hand over tens of billions of tax dollars to domestic production of semiconductors. CEI Senior Fellow Ryan Young denounced the bill as unneeded corporate welfare: “The best policy for giving taxpayer money to private businesses is: Don’t. Unfortunately, the Senate seems to think the best way … Continue reading Senate-Passed Corporate Welfare “CHIPS” Bill Won’t Help U.S. Companies Out-Compete China

Sasse and Van Hollen Call for US Tax Agreement with Taiwan

U.S. Senator Ben Sasse (R-NE) and U.S. Senator Chris Van Hollen (D-MD) introduced a resolution to encourage the President to begin negotiating a tax agreement with Taiwan.“Our economic partnership with Taiwan is one we should always look to strengthen,” said Senator Sasse. “Taiwan is a democratic success story, an economic success story, and our eighth largest trading … Continue reading Sasse and Van Hollen Call for US Tax Agreement with Taiwan

Democrats vote to turn over US oil reserves to Chinese Communist Party

Democrats in the House just BLOCKED Energy and Commerce Committee Republican Leader Cathy McMorris Rodgers’ (R-WA) amendment to stop the Biden administration from selling our strategic energy reserves to China. Rep. David Valadao (R-CA) offered the amendment as a motion to recommit on the House Floor. “I request support from my colleagues on a very … Continue reading Democrats vote to turn over US oil reserves to Chinese Communist Party

House GOP seeks to stop Biden from giving US oil reserves to Chinese Communist Party

House Energy and Commerce Republicans submitted an amendment to an annual energy spending bill to prevent President Joe Biden from jeopardizing America’s energy and national security by selling oil from America’s Strategic Petroleum Reserves (SPR) to the Chinese Communist Party. Energy and Commerce Committee Republican Leader Cathy McMorris Rodgers (R-WA) released a statement on the dire need … Continue reading House GOP seeks to stop Biden from giving US oil reserves to Chinese Communist Party

Thune, Menendez Urge Administration to Prioritize Lumber Trade to Improve Housing Costs

“The sharp increase in softwood lumber prices, on top of high inflation and supply chain challenges, has only further added to residential construction costs.” U.S. Sens. John Thune (R-S.D.) and Bob Menendez (D-N.J.) this week urged U.S. Department of Commerce Secretary Gina Raimondo and U.S. Trade Representative (USTR) Katherine Tai to prioritize lumber tariff relief … Continue reading Thune, Menendez Urge Administration to Prioritize Lumber Trade to Improve Housing Costs

Government Officials Confirm Biden FBI, Homeland Security Using Chinese-Made Drones

U.S. Senator Rob Portman (R-OH), Ranking Member of the Senate Homeland Security and Governmental Affairs Committee, received confirmation from government officials that the federal government is purchasing Chinese-made Unmanned Aircraft Systems (UAS) at a Senate Homeland Security and Governmental Affairs Committee hearing on the evolving threat posed by UAS, also known as drones. Following confirmation … Continue reading Government Officials Confirm Biden FBI, Homeland Security Using Chinese-Made Drones

Senators Demand Biden Relax Trade Taxes On Fertilizer

Sen. Chuck Grassley (R-Iowa), a lifelong farmer and member of the Senate Agriculture Committee, joined Sen. Roger Marshall (R-Kan.) and nearly two dozen of his colleagues in urging President Biden and his administration to reverse policies that will drive fertilizer prices even higher. Many agricultural inputs have been impacted by 40-year high inflation, including fertilizer. … Continue reading Senators Demand Biden Relax Trade Taxes On Fertilizer