Katie Britt Warns: The CCP Has ‘Demonstrated A Disregard For International Rules’

5 months ago

Earlier this month, Sen. Katie Britt (R-AL) questioned Biden officials on the funding of the Chinese Military during a Senate Banking Committee hearing.

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript

Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Transcript

00:00Brett from Alabama's recognize. Thank you chairman and thank each of you for being here today. We appreciate it

00:07Look, we all know the ever-growing threat that is posed by the Chinese Communist Party and whether the CCP

00:14No matter what they're doing undermining the American worker stealing intellectual property

00:19buying up our farmland

00:22They have demonstrated a disregard for internet international rules

00:26So when we are looking at that, it seriously doesn't matter if it's trade if it's intellectual property anything standing in their way

00:34They're willing to just bulldoze straight through that and American companies across every single sector of our economy are under pressure as a result

00:42So I'm looking at AI

00:45computing energy

00:47robotics

00:49Just influence or attempts to influence our institutions the buying up of farmland

00:53We could go on and on and on the Chinese Communist Party is going to stop at nothing until they achieve their ultimate goal

01:00And they upend

01:02international order

01:04So using the tools at our disposal whether it's export controls

01:08CFIUS or sanctions

01:09We must pursue a strategy that strikes the right balance between protecting u.s

01:15Industry and businesses and hard-working Americans from the threats that are imposed by the Chinese Chinese Communist Party and other adversaries

01:23while also allowing our economy and capital markets to thrive and to remain dominant on

01:30This a recent New York Fed report raised questions about the effect of unilateral export control policies

01:37The report highlights the unintended consequences like lost revenue to u.s. Firms

01:42loss of start market capitalization for u.s. Companies and worse yet

01:47Unintentionally propelling Chinese firms to innovate and develop and advance technologies in-house

01:55In that end the American consumer is the one that pays the price and that is who I am concerned about

02:02Mrs. Kendler, how do you think we strike the balance between?

02:07Cutting off China's access to our critical technologies while also ensuring American consumers don't pay the ultimate price

02:17Thank You senator, this is this is a question that that we struggle with every day

02:21Our focus is on maintaining national security that that comes before all good

02:27but part of national security is u.s. Technological leadership and

02:31so I think the first thing I'd point you to is the multilateral approach to export controls and the

02:39Calibrated approach to export controls so such as in our semiconductor controls where we've targeted the most advanced chips

02:45We're not trying to unduly interfere with with business that doesn't cause a national security risk

02:51We're trying to target our controls and and create them in a way together with our interagency partners that attacks the most

02:59important need the the danger of not using

03:04multilateral controls is that we may fail where we're damning half the river if it's only the United States imposing controls and

03:11Not our partners and allies or other supply countries. We're also

03:16potentially

03:17Incentivizing foreign companies to design out u.s. Components as they manufacture goods

03:23So this is something we pay a great deal of attention to as we have we don't take our eye off the national security ball

03:29Well and and in that vein

03:32Unfortunately, since it was reauthorized last in 2018. The Defense Production Act has become increasingly used

03:38You've seen President Biden and Vice President Harris again acting out of the bounds of congressional intent

03:44This time using it to further the Green New Deal agenda and by boasting productions of things like solar panel parts

03:51using the Defense Production Act for partisan priorities that have little to do with national security undermines the

03:58critical use of that tool and

04:00The way that it was intended to essentially give our nation the ability to defend ourselves and our allies

04:06We are considering reauthorization ahead of 2025 and we need to ensure that it's actually being

04:13Appropriately utilized and so a mrs. Taylor Kell. I understand you recently released the first National Defense

04:20Industrial strategy. Can you share with us the status of implementation and more broadly?

04:26What is the state of the industrial base and ensuring that our war fighters are properly equipped?

04:32Thank

04:35You ma'am I

04:36Want to emphasize again that the Department of Defense strongly supports the reauthorization of the Defense Production Act

04:43the defense we use the Defense Production Act daily all three titles to

04:49Make sure that our supply chains our defense critical supply chains are secure

04:55Last year FY 23 alone. We invested

04:59733 million dollars in

05:01critical minerals

05:03Microelectronics and other areas where there are gaps in our supply chains

05:08We very strongly see the importance of this is with respect to some of the investments that you mentioned

05:14I can again only speak to Department of Defense investments that I oversee and I refer you to other agencies and

05:22particularly

05:23Department of Energy or HHS, right?

05:25But the warfighter specifically and that is how we use the Defense Production Act within the Department of Defense again

05:32It's to address long lead times of critical

05:38Materials of their for instance

05:41Materials that go into rare earth elements they go into the f-35 for instance

05:46We use the Defense Production Act daily to support the warfighter

05:52Thank you

Katie Britt Warns: The CCP Has ‘Demonstrated A Disregard For International Rules’

Category

Transcript

Recommended