Connect with us

Hi, what are you looking for?

Economy

House GOP rolling out bill to block China from accessing US ports

GOP Rep. Michelle Steel is rolling out a bill to block China and other American adversaries from accessing U.S. ports.

Steel, R-Calif., a member of the House Select Committee on Communist China, created the Secure Our Ports Act, which would prohibit companies owned fully, or in-part, by state-owned enterprises in China, Russia, North Korea and Iran from operating or managing a U.S. port. 

Steel told Fox News Digital that adversaries accessing U.S. ports can harm U.S. supply chains because it would enable them to access shipping infrastructure. 

Steel said her bill ‘would shore up America’s economic and national security in the face of threats from Communist China and their like-minded allies.’ 

‘Congress must protect America’s supply chains by restricting enemy governments from having high-level access to our ports,’ Steel told Fox News Digital. ‘Nations which threaten the very existence of the United States should not have easy access to our port infrastructure, a key lifeline of America’s supply chains.’

Steel’s home region in Southern California is home to two of the largest ports in the country: the Port of Los Angeles and the Port of Long Beach. 

Steel’s office told Fox News Digital that multiple China-owned conglomerates have an active presence in American ports, including on the West Coast. This includes the Chinese-Owned Shipping Company (COSCO) on the West Coast and China Oil and Foodstuffs Corp. (COFCO) on the Mississippi River.

The legislation is co-sponsored by Reps. Stephanie Bice, Ken Calvert, Rick Crawford, Richard Hudson, Doug LaMalfa, Nicole Malliotakis, James Moylan, Aumua Amata Coleman Radewagen, John Rutherford and Randy Weber.

The bill comes after national security and defense officials last year began viewing giant cargo cranes at U.S. ports as potential Chinese spying tools. Officials have suggested that Chinese equipment and cranes at ports could be used for surveillance.

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Stock

    Union members at Ford, Stellantis and General Motors have ratified a new 4½-year contract, locking in at 11% pay increases secured after a six-week...

    Investing

    ASX-listed Antilles Gold (ASX:AAU, OTCQB:ANTMF) is an Australian mining company focused on gold and copper projects in Cuba through joint ventures with the Cuban...

    Latest News

    A man accused of murdering his girlfriend in Boston before fleeing to Kenya has been re-arrested following his escape from a police station in...

    Latest News

    Five people have died and 49 are unaccounted for after a multi-story building collapsed Monday afternoon in the South African city of George, officials...

    Disclaimer: Nationalfinancialnews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 nationalfinancialnews.com