Today, U.S. Senator John Cornyn (R-TX) addressed the National Defense Authorization Act (NDAA), emphasizing his Foreign Investment Guardrails to Help Thwart (FIGHT) China Act. This act aims to protect the United States from threats posed by the People’s Republic of China by regulating U.S. investments in specific Chinese technologies.
Senator Cornyn expressed concern over American companies investing billions in critical technologies like quantum computing and artificial intelligence in China. He stated, “One of the things that I’m going to be focusing on as part of the defense authorization bill is to finally address outbound investment in China.”
Highlighting his ongoing efforts, he remarked, “I’ve been raising alarm bells for a number of years now and working toward a solution to this critical, strategic concern for a long time.” He reaffirmed his commitment with, “I have something to announce to my colleagues here: I’m not going to give up.”
Cornyn questioned the rationale behind increasing defense spending while American investors fund what he described as “the arsenal of our number-one strategic adversary.” He noted, “Earlier this year, I introduced the Foreign Investment Guardrails to Help Thwart China Act, or the FIGHT China Act.”
He acknowledged Secretary Bessent and colleagues at the Treasury Department for their support: “Secretary Bessent and his colleagues at the Treasury Department have been great allies and great partners in providing us with technical assistance on this legislation.”
Senator Cornyn urged legislative action: “I would urge both our House and Senate colleagues to ensure that this year’s National Defense Authorization Bill addresses this critical issue.” Concluding with a call for change, he said, “It’s time for Americans to stop investing in China’s military.”
