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Sen. Jim Risch, right, speaks to Sen. Menendez, left, during a confirmation hearing on March 23. Photo: Greg Nash/The Hill/Bloomberg via Getty Images

Senate Foreign Relations Committee Chair Bob Menendez (D-N.J.) and ranking member Sen. Jim Risch (R-Idaho) on Thursday announced their finished bipartisan proposal to counter China's rising political and financial power.

Why it matters, via Axios' China reporter Bethany Allen-Ebrahimian: This bill marks a culmination of years of growing bipartisan concern, and the rise of an increasingly authoritarian China. If it passes, it will send a strong signal to Beijing that both parties are unified in defending democratic values from authoritarian encroachment.

Details: Under the proposed bill, the U.S. would ...

What they're saying: "The United States government must be clear-eyed and sober about Beijing's intentions and actions, and calibrate our policy and strategy accordingly," Menendez said in a statement.

  • "I am incredibly proud to announce this unprecedented bipartisan effort to mobilize all U.S. strategic, economic, and diplomatic tools for an Indo-Pacific strategy that will allow our nation to truly confront the challenges China poses to our national and economic security."

What's next: The Senate Foreign Relations Committee will review the bill and vote on April 14, Menendez said.

Go deeper

Apr 7, 2021 - World

The borders on America’s corporate civic engagement

As U.S.-based companies have spoken out against Georgia’s new voting law, some politicians on the right have pointed out that these same companies have stayed quiet on human rights violations in China — and the lawmakers are alleging hypocrisy.

Axios Re:Cap is joined by Axios China author Bethany Allen-Ebrahimian to discuss what’s happening in China, what U.S. corporations have and haven’t said, what to make of these allegations and the expectations they set.

Apr 7, 2021 - World

China warns of "robust" response if U.S. boycotts Beijing Olympics

A sculpture depicts Olympic figure skaters for the 2022 Beijing Winter Olympics at Shougang Park on Dec. 16, 2020 in Beijing, China. Photo: Lintao Zhang/Getty Images

The Chinese government on Wednesday warned the U.S. that it would respond strongly if Washington boycott's next year's Winter Olympics set to be held in Beijing, AP reports.

Driving the news: The message comes after a State Department spokesman said at a briefing Tuesday that a joint boycott by the U.S. and its allies "is something that we certainly wish to discuss," in response to a question about how to punish China for what observers have described as a genocide against Muslim minorities in Xinjiang.

Jan. 6 panel subpoenas 2 far-right "America First" activists

The House panel investigating the Capitol riot, from left; Reps. Bennie Thompson, Liz Cheney, Adam Kinzinger and Jamie Raskin on Capitol Hill in December. Photo: Drew Angerer/Getty Images

The House select committee investigating the Capitol riot issued subpoenas Wednesday for far-right leaders Nick Fuentes and Patrick Casey, who allegedly encouraged followers to go to D.C. and challenge the 2020 election results.

Why it matters: The action underscores the panel's increasing focus on rallies held ahead of the Capitol attack and how extremists were drawn to former President Trump's baseless claims of widespread voter fraud, per the New York Times.

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