Sherrill Secures Key Priorities for New Jersey Workers and Businesses in Select Committee on Competition with the CCP Economic Competitiveness Report
WASHINGTON, DC – Congresswoman Mikie Sherrill (NJ-11) secured the inclusion of key economic priorities for New Jersey families in the House Select Committee on the Strategic Competition Between the U.S. and Chinese Communist Party’s newly released Report on Economic Competition. The report calls for the development of a new American economic and technological strategy to win the 21st century competition for advanced technologies and combat the illegal trade practices of the CCP.
“For too long, the U.S. allowed other countries to surpass our economic and technological capabilities. Now, we are ready to compete with the Chinese Communist Party and ensure that it is American businesses and workers who will determine the structure of the global economy in this century. That’s why the Select Committee is underscoring the need to hold the CCP accountable for its illegal economic practices, expand our investments in advanced R&D and manufacturing, and ensure that US investment isn’t enabling human rights abuses in China,” said Rep. Sherrill. “I am particularly proud to have secured the inclusion of key priorities for New Jersey working families and companies in this report, including additional resources to help businesses combat unfair trade practices, investments in workforce training and apprenticeship positions for key sectors, and expanded protections for New Jersey’s medical industry from illegally subsidized CCP goods and IP theft.”
The Select Committee’s Report is divided into three pillars. The first pillar focuses on resetting the US-PRC economic relationship and addressing unfair trade, competition, and IP concerns. The second pillar highlights how the CCP is using US capital and knowledge to advance their economic agenda and suppress their own citizenry. Finally, the third pillar emphasizes the investments in American R&D, workers, and manufacturing that are needed to boost our innovation and competitiveness relative to the CCP.
The Report includes a number of Rep. Sherrill’s priorities that she advocated for and secured within the package, including:
Increased funding for the National Science Foundation, Department of Energy, and National Institute of Standards and Technology to conduct critical R&D and science research, including projects at New Jersey colleges and labs;
The expansion of workforce training and apprenticeship opportunities and strategic investments in advanced technology sectors to boost private sector competitiveness;
The creation of a tax credit to help businesses cover the cost of unfair trade competition suits filed at the Department of Commerce;
Increased information sharing between the US government and private sector stakeholders to boost businesses’ access to information regarding their supply chain vulnerabilities in China;
The creation of a “U.S. Economic Security Strategy” to assess the risks and resilience of supply chains and market distorting practices;
The reinstatement of the “China Safeguard” in the Trade Act of 1974, which will help make US trade policy more proactive in combating CCP unfair trade practices; and
Expanded support for the domestic US healthcare manufacturing base and new safeguards against CCP dumping of subsidized healthcare products.
As a member of the House Select Committee on the Strategic Competition Between the United States and the CCP, Congresswoman Sherrill is fighting to re-shore American manufacturing, strengthen our supply chains and lower costs for families, and ensure New Jersey is a place where businesses can grow, create jobs, and thrive. In September, she introduced her American Jobs and Competition Plan to address security challenges posed by CCP-affiliated technology, combat the CCP’s unfair trade practices, boost the role of the Department of Commerce, and strengthen America’s partnerships and alliances.
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