Banks: Schumer Bill a ‘Massive Boondoggle’ That’ll Help China

Banks: Schumer Bill a ‘Massive Boondoggle’ That’ll Help China

June 7, 2021

In an appearance on Breitbart News Saturday, Rep. Jim Banks (R-IN), Chairman of the Republican Study Committee (RSC), said the Democrats’ China bill is a “massive boondoggle that’s going to help the Chinese” and hurt Americans.

The problem, Banks said, is the bill does “exactly the opposite of what the Senate Democrat Leader Chuck Schumer’s reporting that it does.”

“They say it would help the United States compete with China. We believe it actually helps China and there are a lot of reasons why,” Banks continued, referring to it as a “boondoggle spending bill” which spends hundreds of billions funneling money to places that are already susceptible to being taken advantage of by the CCP, stealing our intellectual property.

“For example, it gives $29 billion to the Nation Science Foundation for research and development on new technologies but does nothing to safeguard those investments from being stolen by the CCP,” Banks said, explaining the bill gives hundreds of billions to similar areas, such as universities, which the CCP has a strategy to take advantage of, mentioning the creation of Confucius institutes used to steal American research.

“Why would we funnel so much more money to the exact places that the Chinese are using to take advantage of us and steal our military secrets and our research?” Banks asked. “That’s exactly what that bill would do.”

“This tells you this is a massive boondoggle that’s going to help the Chinese, not help us compete with the Chinese,” Banks concluded.

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