WASHINGTON – U.S. Senator Jim Risch (R-Idaho), ranking member of the Senate Foreign Relations Committee, yesterday joined U.S. Senator Marco Rubio (R-Fla.), vice chairman of the Senate Select Committee on Intelligence, in filing an amendment to the Endless Frontier Act (S.1260) to establish a counterintelligence screening process to protect the United States against efforts by China and other adversaries to engage in economic espionage and misappropriate America’s intellectual property, research and development, and innovation efforts.
The amendment is also co-sponsored by U.S. Senators Richard Burr (R-N.C.), Roy Blunt (R-Mo.), Tom Cotton (R-Ark.), John Cornyn (R-Texas), and Ben Sasse (R-Neb.), all members of the Senate Select Committee on Intelligence.
“The Chinese Communist Party (CCP) actively engages in the theft of sensitive, critical, and emerging technologies and research in the United States,” said Risch. “The Endless Frontier Act invests a significant amount of money into U.S. research and development programs, but that investment is worthless if our innovations are going to be immediately stolen by adversaries, including the CCP. This amendment would put into place the necessary safeguards to protect U.S. companies, universities, and other institutions from this threat.”
“China also exploits U.S. universities to acquire U.S. technology, shape narratives favorable to the CCP, and conduct research that benefits the Communist Party and the Chinese military,” continued Risch. “China doesn’t always have to rely on theft to acquire our technology: it can simply sign contracts or engage in partnerships with universities in the United States and get the access it needs. The entire Senate must work together to ensure the U.S. government has authority to review and block harmful transactions before our technology is compromised or China’s malign influence takes root. The CFIUS provision in my Strategic Competition Act is a small investment, given the large cost of the Endless Frontier Act, to protect our ideas, research, and intellectual property before it’s too late.”
The “Counterintelligence and National Security Protections” amendment would:
The CFIUS provision in the Strategic Competition Act would:
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