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Potential CFIUS Implications Of Proposed Strategic Competition Act Of 2021 - Government, Public Sector


The Strategic Competition Act of
2021,
1 approved by the Senate Foreign Relations
Committee on April 21, 2021, signals continued bipartisan consensus
to orient U.S. policy towards aggressive action to counter
China. Given the broad bipartisan support in
Washington to address China s malign activities, the bill will
likely pass the Senate and House of Representatives. This bill is a
useful barometer of congressional sentiment towards China and may
guide the Biden administration s future China-related actions.
The bill recognizes that U.S. ability to effectively compete with
China requires domestic support for competitive industries and
engagement with international partners to counter Chinese influence
in international institutions and on international standards. The ....

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