The long-stalled “America COMPETES Act of 2022” is now revving back up as the Senate opened formal legislative talks on Wednesday on how to pay for large chunks of the $300 billion bill that aims to boost U.S. competitiveness with China.
While most of the legislation is focused on boosting investment in U.S. technology prowess, there are a number of sections that pertain to challenging China’s influence in both Africa and Latin America on everything from promoting U.S. FDI to thwarting alleged Chinese “cyber aggression.” (REUTERS)