Indy Standard

U.S. Senators Todd Young (R-Ind.) and Jim Risch (R-Idaho), both members of the Senate Foreign Relations Committee, have introduced the STRATEGIC Act 2024. This legislation aims to position the United States and its allies for success in strategic competition against China.

“The STRATEGIC Act comes at an important time as the Chinese Communist Party continues its efforts to undermine security and stability in the Indo-Pacific. This legislative package contains several critical initiatives to counter the CCP, strengthen American supply chains, and bolster American support for Taiwan,” said Senator Young. “It includes my proposal to provide help to our foreign partners on an expedited basis when they are targeted economically for standing up to authoritarian regimes. By supporting our partners under threat of coercion, we protect America’s own national security interests.”

Senator Risch emphasized the urgency of enacting this legislation: “Despite the significant threat China poses to the United States, the U.S. Congress has failed to enact legislation in a number of crucial areas that would set up the United States, its allies, and partners for success,” he stated. “This legislation takes strong positions to safeguard U.S. and allied interests and provides actionable provisions that will help us in our strategic competition with China. We cannot wait for more reports and studies – it is time to start implementing policies.”

The STRATEGIC Act has also been introduced by Senators Pete Ricketts (R-Neb.), John Barrasso (R-Wyo.), Mike Crapo (R-Idaho), Bill Cassidy (R-La.), Dan Sullivan (R-Alaska), Mitt Romney (R-Utah), John Cornyn (R-Texas), Chuck Grassley (R-Iowa), and Shelley Moore Capito (R-W.Va.).

A one-pager of the STRATEGIC Act can be found here. Full text of the STRATEGIC Act can be found here.