Information About the Recently Introduced Freight RAILCAR Act (H.R. 7902)
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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.”