Information About the Recently Introduced Freight RAILCAR Act (H.R. 838)
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What They're Saying
U.S. Senators Rob Portman (R-OH) and Sherrod Brown (D-OH)
"Further postponement of the Section 232 investigation will invite a growing deluge of steel imports into the U.S. and cause even greater damage to the U.S. steel sector.”
U.S. Trade Representative Robert Lighthizer
"The sheer scale of [China’s] coordinated efforts to develop their economy…and to distort markets in China and throughout the word is a threat to the world trading system that is unprecedented.”
Dr. James Mulvenon, General Manager, Special Programs Division, SOS International
"...the number of examples where China has successfully avoided U.S. regulatory regimes to prevent technology transfer harmful U.S. national security are increasing. The Chinese are learning our system, identifying its gaps and weaknesses, and finding new ways to exploit American technology to their advantage."
U.S. Senator John Cornyn (R-TX)
"By exploiting gaps in the existing CFIUS review process, potential adversaries, such as China, have been effectively degrading our country’s military technological edge by acquiring, and otherwise investing in, U.S. companies."
James Lewis, Senior Vice President, Center for Strategic and International Studies
“China’s goal is to end its dependence on foreign technology and overtake the U.S., as it has overtaken other nations.”
Contact Us
Email: info@railsecurity.org
Phone: (202) 318-0456
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Washington, DC 20005
For media inquiries please email media@railsecurity.org
Phone: (202) 318-0456
1341 G St NW
6th Floor
Washington, DC 20005
For media inquiries please email media@railsecurity.org
Twitter Feed
Thank you, @RepBrendanBoyle (D-PA-2), for co-sponsoring the Freight RAILCAR Act, #HR838! The positive impact this bill has on #PA freight railcar manufacturing and supply jobs — and industry #sustainability overall — can't be overstated. https://railsecurity.org/wp-content/uploads/2023/02/FreightRAILCARAct.2023.pressrelease.pdf #RailSecurity
“There is not a single major ‘private’ company that succeeds in China without the backing of the Party” and its steep state subsidies, said Michael Dunn, former GM exec. It's as true for @BYDGlobal as it is for @CRRC_global. @business
Didy you know? Transport by freight rail is three to four times more fuel-efficient than other modes of transportation. The Freight RAILCAR Act builds on the sector’s current environmental efficiencies to encourage greater sustainability.
Mexico wants to reduce its dependence on imports from China and is asking some of the world’s biggest manufacturers and tech firms to identify Chinese products and parts that could be made locally
"The decision by the EU comes after an investigation found that China unfairly subsidized its industry," reports @business https://www.bloomberg.com/news/articles/2024-10-04/eu-votes-to-impose-tariffs-of-up-to-45-on-china-made-evs?utm_source=threads&utm_medium=social&utm_content=business&sref=4SZHqxCV