Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Rae Cook/Axios

The Senate Foreign Relations Committee is preparing to vote on a 280-page bipartisan bill that aims to counter the Chinese Communist Party's global influence.

Why it matters: The bill marks a culmination of years of growing concerns over the rise of an increasingly authoritarian China. It would allocate hundreds of millions of dollars to a raft of new initiatives aimed at helping the U.S. succeed in long-term ideological, military, economic and technological competition.

What's happening: Senate Foreign Relations Committee Chair Bob Menendez (D-N.J.) and ranking member Sen. Jim Risch (R-Idaho) announced the "Strategic Competition Act of 2021" on April 8.

  • The committee is scheduled to vote on the draft bill on April 21. If it passes, it will head to the Senate chamber for further debate.

Details: The bill includes $655 million in funding for foreign militaries in the Indo-Pacific region and $450 million for the Indo-Pacific Maritime Security Initiative, which aims to ensure that the U.S. and its partners can operate freely in the region and address threats that arise.

Other new programs and allocations include:

  • $75 million for an ‘‘Infrastructure Transaction and Assistance Network’’ in the Indo-Pacific as a counterweight to China's Belt and Road Initiative.
  • $100 million for a ‘‘Digital Connectivity and Cybersecurity Partnership," which would promote secure telecommunications and digital infrastructure in developing markets and promote U.S. exports.
  • $15 million to help U.S. companies exit the Chinese market, diversify their supply chains, and identify alternate markets.
  • $300 million for the ‘‘Countering Chinese Influence Fund," to push back against the Chinese Communist Party's efforts to promote its authoritarian model abroad.

What they're saying: Menendez called the bill an "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."

  • Lisa Curtis, director of the Center for a New American Security's Indo-Pacific Security Program and a former National Security Council director for south and central Asia, said the bill "shows that the U.S. is preparing itself for a whole of government comprehensive approach to meeting the China challenge."
  • If the bill passes, it would be a strong signal to U.S. allies and partners that the U.S. is unified in its approach to Beijing, Curtis added.
  • Curtis also noted that the draft bill also calls for a thorough investigation into the origins of the coronavirus. "The bill notes that 13 countries have raised concerns about the lack of access that the WHO mission to China had to data, facilities and personnel. It’s critical that the Senate has flagged this as an issue," she said.

Context: The Biden administration has made countering China's rising global authoritarianism a key focus.

  • In Washington, there is a high degree of bipartisanship around the idea that China under its current leadership poses a serious threat to U.S. values and interests.

Yes, but: Americans at large are more divided along party lines in their views of China, with 54% of Republicans viewing China as an "enemy" compared to 20% of Democrats, according to a recent poll from Pew Research Center.

Go deeper: Read the draft bill

Go deeper

Updated 5 hours ago - Sports

Olympics dashboard

Katie Ledecky in Tokyo. Photo: Ding Xu/Xinhua via Getty Images

🚨: Simone Biles won't compete in individual vault or uneven bars

🏊‍♀️: Katie Ledecky wins gold in women's 800m freestyle

🏊: Caeleb Dressel breaks world record in men's 100m butterfly, 3rd gold

🇬🇧: Britain wins gold in first-ever Olympic mixed 4x100m medley relay

🎾: Novak Djokovic defeated in Olympic semi-finals

💻: Japan tests teleporting games and "remote cheering"

Go deeper: Full Axios coverage

Updated 6 hours ago - Sports

Simone Biles won't compete in individual vault or uneven bars Olympic finals

Photo: Loic Venance/AFP via Getty Images

Simone Biles will not compete in the individual vault or uneven bars finals at the Tokyo Olympics, USA Gymnastics announced Friday.

Why it matters: USA Gymnastics said Biles, who previously withdrew from the individual all-around and team finals to prioritize her mental health, will continue to be evaluated to determine if she'll compete in the balance beam or floor exercise events.

6 hours ago - Sports

American Katie Ledecky wins Olympic gold in women's 800m freestyle

USA's Katie Ledecky reacts after taking gold in the final of the women's 800m freestyle race. Photo: Odd Anderson/AFP via Getty Images

American superstar swimmer Katie Ledecky grabbed her second gold medal of this year's Olympic Games, winning the women's 800-meter freestyle race Saturday in Tokyo.

Driving the news: Ledecky, who holds the world record in the 800m freestyle, is considered one of the best women swimmers of all time. Saturday's final marks her third straight Olympic gold in the event.