Krishnamoorthi, Gallagher Applaud Outbound Investment Legislation

WASHINGTON, DC – Today, Ranking Member Raja Krishnamoorthi (D-IL) and Chairman Mike Gallagher (R-WI) of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party released the following statement lending their support to legislation introduced by Rep. Michael McCaul (R-TX) and Rep. Gregory Meeks (D-NY), Chairman and Ranking Member of the House Foreign Affairs Committee, called the "Preventing Adversaries from Developing Critical Capabilities Act". This bipartisan bill builds on the Biden Administration’s Executive Order “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern" and expands restrictions on U.S. outbound investment into critical and emerging technology companies in the People's Republic of China. Ranking Member Krishnamoorthi and Chairman Gallagher are cosponsors of the legislation.

“One thing we can all agree on is that American expertise and dollars should not be funding the Chinese Communist Party’s development of sensitive technologies that supports their military build-up and, gross human rights abuses. The bipartisan Preventing Adversaries from Developing Critical Capabilities Act builds on the Administration’s executive order, taking a crucial step to stem the flow of US investment and knowledge to these blacklisted  companies."

Read the full text of the bill HERE.

克里希纳穆尔蒂和加拉格尔赞扬境外投资法案

华盛顿特区—今天，众议院美国与中国共产党战略竞争特设委员会的资深议员拉贾·克里希纳穆尔蒂 (Raja Krishnamoorthi)(D-IL) 和主席迈克·加拉格尔 (Mike Gallagher)(R-WI) 发表以下声明，支持众议院外交事务委员会主席麦克·麦克考 (Michael McCaul)(R-TX) 和资深议员格里高利·米克斯 (Gregory Meeks)(D-NY) 提出了《防止对手发展关键技术能力法》。这项两党法案以拜登政府《应对美国在特定国家的特定国家安全技术及产品行业的投资》的行政令为基础，扩大了对美国对中华人民共和国关键和新兴技术公司的对外投资的限制。资深议员克里希纳穆尔蒂和主席加拉格尔是该法案的共同提案人。

“我们都同意美国的专业知识和资金不应该资助中国共产党开发支持其军事建设和严重侵犯人权的敏感技术。两党共同制定的《防止对手发展关键技术能力法》以政府行政命令为基础，采取了关键步骤来阻止美国投资和知识流向这些被列入黑名单的公司。”

请在此处阅读该法案的全文。