McCaul Promotes CHIPS Funding, Stronger Export Controls at Counter China Bill Conference Committee

Washington, D.C.- Yesterday, House Foreign Affairs Committee Lead Republican Michael McCaul discussed the importance of passing bipartisan legislation to confront the generational threat posed by the Chinese Communist Party (CCP) at the Conference Committee for the counter China bill, on which McCaul serves as a conferee. He specifically highlighted the need for the final Conference Report to fund the CHIPS for America Act and to include strong export controls and mechanisms to address capital outbound flows in order to keep critical U.S. technology out of the hands of the CCP military.

WATCH HERE.

-Remarks as Delivered-

"Thank you, Madam Chair.

Let me just say that the Chinese Communist Party poses the greatest generational threat to the United States and our allies.

The alliance with Mr. Putin demonstrates this, and this is not a partisan issue, it's an American issue.

And this, Madam Chair, has to pass with both sides of the aisle supportive.

This could be the most important legislation passed in this Congress and it's desperately needed.

I don't always say this, but I think the Senate did a pretty good job. They came up with a bipartisan bill. I am disappointed to say that did not happen in the House.

What we produced out of the House was a very partisan bill. That is a challenge of this conference committee, to make this a truly bipartisan bill.

And I just want to touch on a few key areas in the one minute I have left. I introduced the CHIPS for American Act with Doris Matsui, Senator Cornyn, and Senator Warner with broad based support on both sides of the aisle - bicameral.

This will bring manufacturing of our advanced semi-conductor chips out of the vulnerable area of Asia into the United States and also protect our national security and our most advanced weapons systems that we rely on these chips for.

I think that's really a crowning center piece of this legislation. I hope, Madam Chair, at the minimum we can get that done for the nation. I know the White House is supportive. I know both side of the aisle in the Senate and House are as well.

I would like to see export controls being used here. Too often we've given them our technology, they have stolen it from us, and now we see we are selling it to them, and when we saw the hypersonic launch out of China around the world hitting with precision - that was built on the backbone of American technology.

Madam Chair, I believe that needs to stop and I look forward to working with you and the Senate on what I hope will be a bipartisan exercise."

###