WASHINGTON – Today on the floor, U.S. Senator John Cornyn (R-TX) highlighted his priorities for the National Defense Authorization Act (NDAA), including his Foreign Investment Guardrails to Help Thwart (FIGHT) China Act, which would safeguard the United States against the growing threat posed by the People’s Republic of China (PRC) by prohibiting and requiring notification of U.S. investment in certain technologies in China. Excerpts of Sen. Cornyn’s remarks are below, and video can be found here.

“One of the things that I’m going to be focusing on as part of the defense authorization bill is to finally address outbound investment in China.”

“As we speak, U.S. companies are spending billions of dollars in China, investing in Chinese companies, particularly those involved in critical technologies like quantum computing and Artificial Intelligence.”

“I’ve been raising alarm bells for a number of years now and working toward a solution to this critical, strategic concern for a long time.”

“I have something to announce to my colleagues here: I’m not going to give up.”

“I’m not willing to take no for an answer on something that is so critical to our national security.”

“What good does it do to continue to increase our defense spending if American investors are simultaneously making investments in China in what amounts to the arsenal of our number-one strategic adversary?”

“Earlier this year, I introduced the Foreign Investment Guardrails to Help Thwart China Act, or the FIGHT China Act.”

“Secretary Bessent and his colleagues at the Treasury Department have been great allies and great partners in providing us with technical assistance on this legislation.”

“I would urge both our House and Senate colleagues to ensure that this year’s National Defense Authorization Bill addresses this critical issue.”

“It’s time for Americans to stop investing in China’s military.”