1/26, 1:26 AM (Source: TeleTrader)
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Dems release their China competition bill

United States Democrats have unvailed their version of the legislation aimed at increasing the country's competitiveness with China, House Speaker Nancy Pelosi announced.

The bill, titled the America Competes Act, calls for investmment that strengths "the supply chain, lowers costs and ensures that America can out-compete any nation," said Pelosi, describing the bill as a "bold, results-oriented legislation."

"Major components of this package have already passed the House with overwhelmingly bipartisan votes. The #AmericaCOMPETES Act reflects a whole-of-House effort to produce a historic bill that will be most effective at strengthening our competitiveness at home and abroad," the Speaker said.

Baha Breaking News (BBN) / NL