VIDEO: Young Discusses His China Competitiveness Legislation on CNBC’s Squawk Box

VIDEO: Young Discusses His China Competitiveness Legislation on CNBC's Squawk Box

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WASHINGTON -- This morning, U.S. Senator Todd Young (R-Ind.) joined CNBC's Squawk Box to discuss how the passage of his China competitiveness bill will invest in and expand American research and development in key technology areas and enhance our national security. A procedural vote to advance the legislation will occur later today in the U.S. Senate.

Excerpts of Senator Young's comments are below:

"We source all of our high-end computer chips, mostly from Taiwan, some from South Korea. And we just can't be that dependent on a country so far away from the continental United States for our missile system chips [and] for the components that go into our radars and our aircraft."

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"This legislation does that [prioritizes research and development] not just with respect to semiconductors, but hypersonics, quantum computing, etc. And it also has a really important role to play with respect to national security. And this is a national security bill, which is why we have so much support from the generals, the admirals, Trump Administration national security officials, and those in this current administration. And frankly, why we have a lot of bipartisan support to get this done quickly."

The full video of the interview can be found here.