Washington, D.C. – Senate Majority Leader Chuck Schumer (D-NY) released the following statement today following the Department of Commerce’s decision to establish new restrictions to limit China’s access to advanced U.S. manufacturing technology:
“These tough new rules will protect our country’s innovations from China’s predatory actions. These restrictions on the transfer of advanced U.S. manufacturing technology are absolutely necessary, but there is still much more that needs to be done to stop the Chinese Communist Party from cheating and stealing its way to technological dominance. President Biden is taking action where Donald Trump bowed to pressure from China. In the upcoming NDAA, the Senate will work in several ways to further strengthen America’s position against China’s exploitative economic and industrial policies that aim to undermine American microchip manufacturing and other innovations, endangering our economic and national security.
“For decades, I have pushed both Republican and Democrat administrations to get tough and stay tough on China because strength is the only way to win against the Chinese Communist Party. I continue to urge the Biden administration to act swiftly on other export control actions and to add YMTC to the Entity List to protect America’s technology supply chains and American consumers.”