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Arleigh Burke–class guided-missile destroyer USS Chafee (DDG 90) sails in formation during the Rim of the Pacific (RIMPAC) exercise on July 28, 2022. (DVIDS)
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Employees assemble phone components at a Lenovo/Motorola factory in Wuhan, China, on Aug. 20, 2021. (Getty Images)
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Highly subsidized Chinese companies and venture capital firms frequently use mergers or acquisitions of leading U.S. firms to access sensitive and leading-edge technologies. This endangers both U.S. defense and technology leadership and undermines fair competition in global markets. Representatives Scott Fitzgerald and Greg Stanton have introduced a bill to require acquiring or merging foreign firms to disclose any information detailing financial support or subsidies provided by a foreign government to U.S. antitrust regulators. As Congress debates the comprehensive bills to enhance U.S. competitive strength in the face of Chinese mercantilism, this would allow regulators to evaluate whether subsidies tip the scale of unfair competition in such transactions. Join Hudson Senior Fellow Thomas Duesterberg for a conversation with Representatives Fitzgerald and Stanton on these pressing issues.
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The Federal Reserve building is seen on April 2, 2020, in Washington, DC. (Olivier douliery via Getty Images)
