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ARTICLE · 30 APRIL 2021

Strategic Competition Act: Creating More Tools To Counter China's Expanding Influence

Morrison Foerster
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On April 8, 2021, the Senate Foreign Relations Committee Chairman, Senator Robert Menendez (D-New Jersey), and the Committee's ranking member, Jim Risch (R-Idaho), introduced the Strategic Competition Act of 2021 (the "Act" or "bill").

GlobalGovernment, Public Sector
Brandon L. Van Grack
Brandon L. Van Grack
Charles L. Capito, III
Charles L. Capito, III
Jonathan M. Babcock
Jonathan M. Babcock
David R. Allman
David R. Allman
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On April 8, 2021, the Senate Foreign Relations Committee Chairman, Senator Robert Menendez (D-New Jersey), and the Committee's ranking member, Jim Risch (R-Idaho), introduced the Strategic Competition Act of 2021 (the "Act" or "bill").1  The nearly 300-page bill seeks to counter the expanding global influence of the People's Republic of China by formalizing the policy objective of the United States to "sustain its global leadership role" and declaring that the Chinese government is leveraging its political, diplomatic, economic, military, technological, and ideological power to compete with the United States on a global stage.

Among other measures, the bill broadens the authority of the Committee on Foreign Investment in the United States (CFIUS) by expanding the definition of a CFIUS "covered transaction," adds the Secretary of Education as a voting member of CFIUS, and responds to concerns about China's international economic behavior by tracking intellectual

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