New Senate Bill Aims to Counter China's Growing Global Influence

Chuck Schumer announced new legislation focused on limiting technology and investment flow to China and boosting domestic economic investments and support for allies.
The bill, called China Competition Bill 2.0, follows similar legislation passed last year and has bipartisan support.
Legislation proposes investments in tech development, support for global infrastructure initiative alternatives to Belt and Road, and deterring China aggression towards Taiwan.
Schumer hopes to pass the bill in the coming months with Republican support as with last year's bill.
Previous bipartisan bill led to investments in science and semiconductors as well as export restrictions on tech to China.