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☆ U.S. China committee chair says there's broad support to block American asset managers from investing in Chinese A.I. firms
▼ + stars: | 2023-04-12 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

Gallagher told CNBC in a phone interview Tuesday that there was "broad support" among the venture capitalists, and others the committee members met with in California, for barring American asset managers from investing in Chinese AI companies. That's good news in his eyes as he described the AI race between the U.S. and China as neck and neck. He added that American tech companies competing with Chinese firms "don't want us to sort of subsidize their losing the AI race." Gallagher said he believes business leaders now understand that "the behavior of the Chinese Communist Party has changed." And I think the way we've conducted our committee so far, it hasn't been a bomb-throwing exercise.

☆ Apple's Tim Cook, Disney's Bob Iger to discuss China with lawmakers
▼ + stars: | 2023-04-03 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

A group of lawmakers will travel to California to meet with tech and media executives, including Apple CEO Tim Cook and Disney CEO Bob Iger, to discuss China-related topics, CNBC has confirmed. Around a dozen lawmakers representing both parties on the House Select Committee on the Chinese Communist Party are set to make the three-day trip, led by Chair Mike Gallagher, R-Wisc., a spokesperson for the committee told CNBC. Just last week, Cook, whose company relies on China's massive workforce for phone production, met with China's minister of commerce about supply chain issues. Gallagher has previously said he wants Iger and Big Tech executives to testify before the panel. Companies named in this report either did not immediately respond or did not provide a comment.

☆ US House Republicans face unity test with major energy bill
▼ + stars: | 2023-03-30 | by ( David Morgan | ) www.reuters.com time to read: +4 min

WASHINGTON, March 30 (Reuters) - The Republican-controlled U.S. House of Representatives is expected to vote on its first major legislation of the year on Thursday, a partisan energy bill that poses an early test of unity for House Speaker Kevin McCarthy's majority. The 175-page measure, dubbed the Lower Energy Costs Act, represents a top 2022 Republican campaign pledge to lower Americans' energy costs by scaling back Democratic President Joe Biden's climate policies and increasing oil and gas production through deregulation. 1 - House Resolution One, is the most important bill to this Congress," Republican Representative August Pfluger of Texas told reporters. Both Republicans and Democrats are keen to pass legislation that streamlines permitting for energy projects, but the disagreement over the House bill reflects gaping divisions over how to do that. "It does absolutely nothing to lower energy costs for American families.

☆ Steve Scalise on energy policy feud with White House and ongoing debt ceiling debate
▼ + stars: | 2023-03-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSteve Scalise on energy policy feud with White House and ongoing debt ceiling debateRep. Steve Scalise (R-La.) joins 'Squawk Box' to discuss if there's fertile ground for negotiation on energy policies, what could be a bargaining chip for energy negotiations and more.

☆ Reaction to Biden's 2024 budget proposal
▼ + stars: | 2023-03-09 | by ( Katharine Jackson | ) www.reuters.com time to read: +3 min

REUTERS/Leah MillisWASHINGTON, March 9 (Reuters) - U.S. President Joe Biden on Thursday delivered a budget proposal that includes a robust spending agenda, higher taxes on the wealthy and plans to reduce the deficit, a document that forms the blueprint for his expected 2024 re-election bid. Here is reaction to Biden's budget proposal to Congress for the 2024 fiscal year:HOUSE BUDGET COMMITTEE CHAIR JODEY ARRINGTON, A REPUBLICAN FROM TEXAS:"His policies have led to 40-year record inflation, soaring interest rates, and the prospect of a sustained economic recession. Unfortunately, Biden’s latest budget is more of the same bloated bureaucracy at the expense of working families, while sticking our grandchildren with the bill." HOUSE DEMOCRATIC LEADER HAKEEM JEFFRIES, ON TWITTER:"The Biden budget plan protects Social Security, strengthens Medicare and invests in our children. SENATOR CHUCK GRASSLEY:"Even with near-record revenues, President Biden wants to raise taxes on every segment of America.

☆ House Republicans Plan Wider Media Access to Jan. 6 Video
▼ + stars: | 2023-02-28 | by ( Andrew Ackerman | Siobhan Hughes | ) www.wsj.com time to read: 1 min

Pro-Trump supporters attempted to stop the certification of President Biden’s electoral-college win by storming into the Capitol on Jan. 6, 2021. WASHINGTON—House Republican lawmakers said they plan to allow a broad group of media outlets to view security-camera footage from the Jan. 6, 2021, riot at the U.S. Capitol, about a week after Fox News host Tucker Carlson said his show was granted access to the tapes. House Majority Leader Steve Scalise (R., La.) said Tuesday that lawmakers would distribute the footage to a wide group of outlets. The comments came after Democrats and some Republicans voiced concerns about Fox having exclusive access to the video.

☆ Watch live: U.S. House China panel holds first hearing after lawmakers push seven bills targeting Beijing
▼ + stars: | 2023-02-28 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

Gallagher and Rep. Raja Krishnamoorthi, D-Ill., ranking member of the select committee, called the balloon a "violation of American sovereignty" in a joint statement. The administration's move prompted the advancement of several bills designed to bolster U.S. national security against China. Seven out of 10 bills passed by the House Financial Services Committee Tuesday addressed China or its neighbor, Taiwan. The Select Committee will not allow the CCP to lull us into complacency or maneuver us into submission." Matthew Pottinger, former U.S. Deputy national security adviser; former U.S. National Security Adviser H.R.

☆ US House Speaker McCarthy says he will provide Jan. 6 defendants with security footage
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

[1/3] U.S. House Speaker Kevin McCarthy (R-CA) delivers remarks on the debt ceiling, outside of his office on Capitol Hill in Washington, U.S., February 6, 2023. REUTERS/Evelyn HocksteinWASHINGTON, Feb 28 (Reuters) - Republican U.S. House Speaker Kevin McCarthy said on Tuesday that he would provide defendants in criminal cases from the Jan. 6, 2021 attack on the U.S. Capitol with access to thousands of hours of internal security footage of the melee. "I'll give it out to the entire country," said the California Republican, who first announced his plan to release security footage days after being elected speaker in early January. McCarthy told reporters that Jan. 6 defendants had been able to access some security footage before he became speaker. 2 Republican, told reporters that lawmakers would make sure that any public releases would not include sensitive material.

☆ U.S. Senator Rubio seeks review of Ford technology deal with China's CATL
▼ + stars: | 2023-02-15 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Anna Rose Layden/Pool via REUTERSWASHINGTON, Feb 14 (Reuters) - Senator Marco Rubio on Tuesday asked the Biden administration to review Ford Motor's (F.N) deal to use technology from Chinese battery company CATL (300750.SZ) as part of the automaker's plan to spend $3.5 billion to build a battery plant in Michigan. The $430 billion IRA imposes restrictions on battery sourcing and is designed to wean the United States off the Chinese supply chain for electric vehicles (EVs). Treasury declined to comment, but Granholm said on Twitter on Monday that "bringing advanced manufacturing capabilities from overseas to the United States is key to our competitiveness, will stimulate our economy, and create good-paying American jobs." Ford said the plant would create 2,500 jobs and begin producing lower cost and faster recharging lithium-iron-phosphate batteries in 2026. Republican House Majority Leader Steve Scalise tweeted criticism of the Ford deal, while Republican Virginia Governor Glenn Youngkin said last month that his state had withdrawn from the competition to attract the Ford plant over concern's about China's potential involvement.

☆ McCarthy, Scalise go to war with U.S. Chamber after group backed some Democrats in 2020 and 2022 elections
▼ + stars: | 2023-02-06 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

McCarthy's refusal to meet with the Chamber is the latest strike in an ongoing feud between some House Republican members and the Chamber of Commerce. Tim Doyle, a spokesman for the Chamber of Commerce, told CNBC in a statement that the group's policies are more in line with House Republicans than Democrats. Representatives for House Majority Whip Tom Emmer, R-Minn., House Republican Conference Chair Rep. Elise Stefanik, R-N.Y., and Rep. Gary Palmer, R-Ala., did not return requests for comment. McCarthy's ire against the Chamber started after the group endorsed 23 House Democrats in the 2020 election cycle when Republicans failed to regain the majority. The Chamber reportedly endorsed 23 House Republican candidates and four Democrats during the 2022 election fight.

☆ Over half of the House GOP and nearly all Senate Republicans signed briefs urging the Supreme Court to block Biden's student-loan forgiveness
▼ + stars: | 2023-02-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

On Friday, 128 of the 222 House Republicans signed onto an amicus brief urging the Supreme Court to block student-debt relief. They both argued that Biden doesn't have the authority to cancel student debt using the HEROES Act of 2003. On Friday, 128 House Republicans signed onto an amicus curiae brief urging the nation's highest court to block Biden's plan to forgive up to $20,000 in student debt for federal borrowers. That's just over half of the GOP composition in the House, with 222 Republicans holding a slim majority in that chamber. Both of the briefs argued that the HEROES Act does not allow for broad loan forgiveness, which a series of other conservative groups reiterated in their own briefs filed to the Supreme Court this week.

☆ U.S. House plans vote to end foreign air traveler COVID vaccine mandate
▼ + stars: | 2023-02-03 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 3 (Reuters) - The U.S. House of Representatives plans to vote next week on a bill that would end a requirement that most foreign air travelers be vaccinated against COVID-19, Majority Leader Steve Scalise said on Friday. Currently, adult visitors to the United States who are not citizens or permanent residents must show proof of vaccination before boarding their flight, with some limited exceptions. The CDC says vaccines continue to be the most important public health tool for fighting COVID-19 and recommends all travelers be vaccinated. The group says the United States "is the only country that still has this requirement for international visitors when there is no longer any public health justification." But in December, the United States imposed mandatory negative COVID-19 test requirements on most travelers from China as COVID infections rocketed there.

☆ Elon Musk scheduled meetings with many Republicans but no Democrats on his visit to US Capitol, report says
▼ + stars: | 2023-02-02 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Elon Musk missed Democrats off his meeting agenda when visiting the US Capitol, per Politico. Musk said he met with the Dem House leader but reports say this wasn't a scheduled meeting. Rep. Jan Schakowsky told Politico it was "seriously a mistake" and he should go back to explain why. Following Musk's visit, McCarthy told reporters: "He came to wish me a happy birthday," Bloomberg reported at the time. Democrats told Politico they were unimpressed at Musk arranging meetings only with conservatives.

☆ House GOP accidentally gives Democrats supermajority on new 'weaponization' subcommittee
▼ + stars: | 2023-02-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

House Republicans accidentally gave Democrats a supermajority on a new panel they created. Under the resolution passed by voice vote on Tuesday, Democrats would get 9 seats on a 12 member panel. But the plan is to actually have 21 seats on the committee, and the error will almost certainly get fixed. That would give Democrats a 9-3 supermajority. The committee emerged out of Kevin McCarthy's bid to become speaker, and was among the concessions he made to GOP hardliners.

[1/2] U.S. President Joe Biden speaks to the media after his arrival to the White House in Washington, U.S., January 30, 2023. The White House says it will only discuss future spending cuts after the debt ceiling is raised. Biden will call on McCarthy to release a budget plan in the meeting and to commit to support the nation's debt obligations, according to a White House memo seen by Reuters. The White House has said it would release its budget proposal on March 9. House Republicans, meanwhile, will aim to produce their budget proposal in April, said House Republican Leader Steve Scalise.

Rep. George Santos, R-N.Y., leaves a meeting of the House Republican Conference at the Capitol Hill Club on Wednesday, January 25, 2023. Embattled Republican Rep. George Santos of New York will not serve on the two House committees to which he was recently assigned until the investigations into his conduct have concluded, his office said Tuesday. Santos' decision to recuse himself from the two panels marks one of the first tangible repercussions he has faced since admitting he fabricated key details about his biography. And the voters in Santos' district aren't keen on keeping him around, either, according to a new poll released Tuesday morning. The pollster surveyed 653 voters from Santos' district between Jan. 23 and last Thursday.

☆ How the market is rating the risk of debt ceiling default and a divided, dysfunctional Congress
▼ + stars: | 2023-01-27 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +13 min

That would be the worst-case outcome, of course, but even the best case will probably see the sort of brinksmanship that occurred in the 2011 debt ceiling crisis." From the Senate, Mitch McConnell recently said it's an issue for Biden and the House GOP to work out. Kevin Brady , the former top Republican on the House Ways and Means Committee, dismissed talk of debt default as "fear mongering." Narrowness of GOP House majority does matterJPMorgan also referred to the path for a political agreement as being "narrow." In 2013, the Federal Reserve ran a simulation of a debt default by the U.S. government.

☆ House Speaker McCarthy spoke with Musk about making Twitter 'fair on all sides'
▼ + stars: | 2023-01-27 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

U.S. Speaker of the House Kevin McCarthy (R-CA) arrives to a meeting with the House Republican Steering Committee at the U.S. Capitol Building on January 11, 2023 in Washington, DC. Twitter CEO Elon Musk discussed how to make the social media site "fair on all sides" in a meeting with House Speaker Kevin McCarthy, R-Calif., the lawmaker told reporters on Friday. "He wants to have a level playing field" and for everybody to have a voice, McCarthy said of the meeting in remarks reported by NBC News. On Friday, McCarthy also confirmed that Jeffries was in the Thursday meeting and that he had not previously met Musk. An aide to Jeffries told The Washington Post his encounter with Musk was only coincidental and happened as Musk was leaving his meeting with McCarthy.

☆ A Smart House GOP Oil and Gas Play
▼ + stars: | 2023-01-26 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

The Biden Administration has repeatedly said it isn’t restricting oil and gas development. But then why is it threatening to veto a House Republican bill that would tie oil releases from the Strategic Petroleum Reserve (SPR) to oil and gas leasing on federal land? House Majority Leader Steve Scalise has teed up a vote this week on a bill that would forbid the Energy Department from tapping the SPR unless it develops a plan to increase oil and gas leasing commensurately. If the White House wants to draw down the reserve by 5%, it has to lay out a plan to increase the share of federal land leased for oil and gas production by 5%.

McCarthy made good on his promise to block former House Intelligence chair Adam Schiff and Rep. Eric Swalwell — both California Democrats — from serving on that panel. In addition to keeping Schiff and Swalwell off the Intelligence Committee, McCarthy previously said he intended to remove Rep. Ilhan Omar, D-Minn., from the Foreign Affairs Committee. Rep. Thomas Massie, R-Ky., who backed McCarthy but has caused headaches for GOP leadership in the past, also got a slot on the panel. The coronavirus committeeRep. Brad Wenstrup, R-Ohio, will chair the special committee investigating the spread of the coronavirus. Last week, McCarthy named GOP members to a third select committee, focused on competition between the U.S. and the Chinese Communist Party.

☆ George Santos is now more well-known than every top House Republican besides Kevin McCarthy
▼ + stars: | 2023-01-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

According to a new poll, Santos is now more well known than most of the top House Republican leaders. According to the poll of American adults, more people have views on Santos than House Majority Leader Steve Scalise or House Majority Whip Tom Emmer, the No. The most powerful Congressional leaders, Senate Majority Leader Mitch McConnell and House Speaker Kevin McCarthy, were still more well known, though not by much. According to the poll, Santos is viewed more unfavorably than any congressional leader. Navigator research found Americans were more familiar with him than Rep. Jim Jordan of Ohio, the newly-named chairman of the powerful House Judiciary Committee.

☆ Abortion opponents push post-Roe agenda at annual Washington march
▼ + stars: | 2023-01-20 | by ( Gabriella Borter | ) www.reuters.com time to read: +3 min

[1/2] Women's March activists hold signs outside the White House in the wake of the U.S. Supreme Court's decision to overturn the landmark Roe v Wade abortion decision in Washington, D.C., U.S., July 9, 2022. With that goal now accomplished after the U.S. Supreme Court threw out Roe's precedent and gutted federal abortion rights last June, the leaders of March For Life hope to galvanize support for state and federal legislation placing further limits on abortion. Michigan voters approved a state constitutional amendment last November to enshrine abortion rights. This year's national march will take place two days before Jan. 22, which would have been the 50th anniversary of the Roe v. Wade decision. Abortion rights advocates were marking the occasion by reflecting on the enormous disruption in reproductive healthcare that the United States has witnessed over the last year, and calling for more legislation to protect abortion rights at the state and national level.

☆ We asked House lawmakers about scandal-plagued Rep. George Santos. Most Republicans want nothing to do with him.
▼ + stars: | 2023-01-14 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +18 min

But Santos is clearly a problem for House Republicans. But three days later, Miller — who actually represents Ohio's 7th district — became the eighth House Republican to publicly call for Santos to resign. said Republican Rep. Ralph Norman of South Carolina, who said that Santos "seems nice" even as he appeared unaware of the extent of his controversies. At a press conference on Thursday, House Minority Leader Hakeem Jeffries pointedly declared that Santos was "an issue that Republicans need to handle." Santos and Ocasio-Cortez briefly spoke on the sidelines of a gaggle of GOP lawmakers on the House floor on Wednesday, January 4.

Treasury Secretary Janet Yellen on Friday notified Congress that the U.S. will reach its statutory debt limit next Thursday. Yellen said it is "critical that Congress act in a timely manner to increase or suspend the debt limit." Congress in December 2021 increased the federal debt limit to about $31.4 trillion. This can extend the clock for weeks or months while Congress hashes out a bill to raise the borrowing limit. Yellen added, "Increasing or suspending the debt limit does not authorize new spending commitments or cost taxpayers money.

☆ Analysis: U.S. House Republicans favor message over substance in early legislation
▼ + stars: | 2023-01-13 | by ( David Morgan | ) www.reuters.com time to read: +6 min

Senator Joni Ernst (R-IA) speaks during a news conference following Senate Republican leadership elections that included the re-election of U.S. The bills are meant to provide a political benefit, as Republicans seek to fulfill 2022 campaign promises and formulate plans to capture the Senate and White House in 2024. "You'll watch it week after week after week." "The real purpose for the House Republican conference is to hold down spending and try to limit the debt," said Republican strategist Charles Black. 2 House Republican Steve Scalise said would target people earning less than $400,000 and break Biden's promise not to raise taxes on that income group.

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