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Members of the Chinese Academy of Sciences and the Chinese Academy of Engineering meet in the Great Hall of the People in Beijing in May. Photo: Gao Jie/Xinhua via Getty Images

The largest bloc of House conservatives has drafted a 300-page counterproposal to the Senate's sprawling bipartisan China bill, planning to circulate it to members Friday, Axios has learned.

Why it matters: Senate Majority Leader Chuck Schumer (D-N.Y.) won approval for his China bill, the U.S. Innovation and Competition Act, with the support of 18 Republicans last month. While the GOP doesn't control the House, the proposal is an attempt to peel away Republican support for Schumer's bill and attract support from House members opposing it.

  • Both parties largely agree on the urgency of ensuring the U.S. outcompetes China on the world stage — including by revitalizing U.S. manufacturing and research, and cracking down on Beijing's economic abuses.
  • The bipartisan legislation has been hailed as a symbol of congressional cooperation.

Driving the news: The counterproposal is being drafted by the Republican Study Committee (RSC), which includes 154 House Republicans.

  • The group calls its measure "the most serious and comprehensive effort this Congress to take on the threat of China," according to a copy of the draft outline obtained by Axios.
  • The RSC proposal, which remains untitled, would cost $1 billion — far less than the $200 billion-plus price tag for the Senate's bill.

Details: The measure builds off of a series of proposals put forth by conservatives in both parties and is broken into 11 sections:

  • Countering China’s Malign Influence
  • China’s Role in COVID-19
  • Medical Supply Chains
  • Investment, Research and Development
  • Education
  • Democracy, Human Rights and Taiwan
  • Defense
  • Protection of Intellectual Property
  • Financial Services
  • Rescinding State and Local Bailout Funds
  • National Security Authorizations

State of play: The group will blast out the eight-page outline Friday and begin soliciting feedback, with the goal of introducing a final version in the coming weeks, said an aide to Rep. Jim Banks (R-Ind.), chairman of the RSC.

Be smart: The drafting of a counterproposal by the RSC underscores the group's belief that other legislative efforts are too expensive and don't do enough to counter China.

Go deeper

Republicans scuttle voting rights proposal

Sen. Joe Manchin. Photo: Tom Williams/CQ-Roll Call via Getty Images

The Senate failed to advance a new voting rights bill in a 49-51 vote Wednesday, after Republicans successfully filibustered the bill.

Why it matters: The Freedom to Vote Act is the latest attempt by Democrats to counter Republican-led efforts to pass state laws restricting voting access. This marks the third time this year that Republicans have been able to scuttle voting rights legislation, the New York Times noted.

Oct 21, 2021 - Sports

China pulls Celtics games after Enes Kanter criticizes Xi Jinping

Celtics center Enes Kanter. Photo: Jim Michaud/MediaNews Group/Boston Herald via Getty Images

China will no longer stream Boston Celtics games after center Enes Kanter called Chinese President Xi Jinping a "brutal dictator" in a social media post over the Chinese government's repressive policies in Tibet, according to the New York Times.

Why it matters: Kanter's criticism of Beijing has sparked another round of trouble for the NBA in China, one of its largest and most restrictive markets.

New York AG alleges "significant evidence" of Trump Organization fraud

Combination images of former President Trump and New York State Attorney General Letitia James. Photo: Al Drago/Bloomberg via Getty Images; Scott Heins/Getty Images

New York's attorney general filed a motion Tuesday seeking to compel former President Trump and two of his children, Donald Trump, Jr. and Ivanka Trump, to appear for sworn testimony in her office's civil investigation into the Trump Organization's financial dealings.

Why it matters: Attorney General Letitia James revealed new details in the court filing and a statement on her office's investigation into the Trump Organization's business practices, including a preliminary finding alleging the company used "fraudulent and misleading asset valuations to obtain economic benefits."