Washington, D.C. – In a move designed to bolster North American security, Senators Dave McCormick (R-PA) and Catherine Cortez Masto (D-NV) unveiled bipartisan legislation on Thursday targeting Chinese investment screening processes. The bill seeks to encourage closer alignment between the United States, Canada, and Mexico regarding the scrutiny of investments originating from China.

The senators argue that a unified approach to screening Chinese investment across North America is crucial for safeguarding U.S. national security interests. Currently, discrepancies exist in how the three nations assess and manage potential risks associated with Chinese capital flowing into key sectors such as technology, critical infrastructure, and manufacturing. These differences, according to proponents of the bill, create vulnerabilities that China could potentially exploit.

Senator McCormick emphasized the need for a cohesive strategy, stating that differing standards weaken the overall security posture of the continent. He argued that China's economic influence is growing, and a coordinated response is essential to prevent the erosion of U.S. technological advantages and the compromise of vital infrastructure.

Senator Cortez Masto echoed these sentiments, highlighting the importance of collaboration with our North American neighbors. She stressed that a synchronized approach would not only strengthen national security but also promote fair economic competition. By harmonizing screening processes, the bill aims to level the playing field and prevent China from strategically investing in ways that could undermine North American businesses.

The legislation proposes a framework for enhanced dialogue and cooperation between the U.S., Canada, and Mexico. It encourages the three countries to share information, best practices, and intelligence related to Chinese investment. The ultimate goal is to establish a more consistent and rigorous screening process across the continent, ensuring that investments do not pose undue risks to national security or economic stability.

The bill is expected to face scrutiny from various stakeholders, including businesses with significant investments in China. However, Senators McCormick and Cortez Masto remain optimistic that the bipartisan support for the legislation will pave the way for its passage and ultimately lead to a more secure and economically competitive North America. The next step involves committee review and potential amendments before the bill is brought to the Senate floor for a vote.