As we approach the 2024 Senate elections in Pennsylvania, it is essential that we rally behind the Democratic candidate who has proven his commitment to the people of the state time and time again. That candidate is none other than Bob Casey.

Bob Casey has been a strong voice for the people of Pennsylvania since he was first elected to the Senate in 2006. He has fought tirelessly to protect the rights of working families, support small businesses, and promote economic growth across the state. He has been a champion of healthcare reform, advocating for accessible and affordable healthcare for all Pennsylvanians.

Throughout his years in the Senate, Bob Casey has consistently prioritized the needs of his constituents over partisan politics. He has worked across the aisle to find common ground and pass legislation that benefits the people of Pennsylvania. He has also been a vocal advocate for women's rights, LGBTQ+ rights, and civil rights.

As we look towards the future, it is crucial that we have leaders like Bob Casey in the Senate. He has proven time and time again that he has the experience, dedication, and passion to fight for the people of Pennsylvania and make a real difference in their lives.

So, let's come together and
show our support for Bob Casey as he runs for Senate in 2024. Together, we can
ensure that our voices are heard and that Pennsylvania continues to have a
strong and effective leader in the Senate.

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November 28, 2023

Casey, Cornyn Bill to Screen U.S. Investment in China Overwhelmingly Passes Senate

Outbound Investment Transparency Act gives the United States visibility into investments in national security sectors made in countries of concern, including People’s Republic of China Casey and Cornyn first introduced legislation in 2021, have worked to garner support for proposal in years since Casey made case for screening outbound investments in The Hill op-ed, “How to keep American jobs and innovation out of Chinese hands” In June 2023, Casey made case for proposal as apart of vision for American economic future in Pittsburgh speech Bill was passed as amendment to National Defense Authorization Act by vote of 91-6 Casey: “Today’s overwhelming vote shows that there is bipartisan consensus to meet the challenge posed by the Chinese government and I hope that this is just the start.” Washington, D.C. – Today, U.S. Senators Bob Casey (D-PA) and John Cornyn (R-TX) announced passage of their bill to screen U.S. investments in national security sectors that are made in countries of concern, including the People’s Republic of China. The Outbound Investment Transparency Act would give the U.S. visibility into vulnerabilities and risks posed when the Chinese government has access to American technology and know-how in national security sectors. The industries included under the bill are: advanced semiconductors and microelectronics, artificial intelligence, quantum information science and technology, hypersonics, satellite-based communications, and networked laser scanning systems with dual-use applications. The Outbound Investment Transparency Act passed as an amendment to the National Defense Authorization Act (NDAA) by a vote of 91-6. The Senate is expected to vote on final passage of NDAA at the end of this week. “The United States is at a crossroads; we can take control of our own future or we can let China eat our lunch,” said Senator Casey. “The Outbound Investment Transparency Act is a strong first step to give the U.S. insight into the risks of allowing American national security technology and know-how get into the hands of our adversaries. Today’s overwhelming vote shows that there is bipartisan consensus to meet the challenge posed by the Chinese government and I hope that this is just the start.” “When American companies invest in technology like semiconductors or AI in countries like China and Russia, their capital, intellectual property, and innovation can fall into the wrong hands and be weaponized against us,” said Senator Cornyn. “This bill would increase the visibility of these investments, which will help the U.S. gather the information needed to better evaluate our national security vulnerabilities, confront threats from our adversaries, and remain competitive on the global stage.” Senators Casey and Cornyn first introduced outbound investment screening legislation, National Critical Capabilities Defense Act, in May 2021 as an amendment to the United States Innovation and Competition Act. Since then, Senator Casey has been pushing for action so the U.S. can better understand the risks of allowing foreign adversaries to gain access to critical capabilities and technology, as well as to design and manufacture goods that are vital to U.S. economic and national security interests. Senators Casey and Cornyn have been working to garner bipartisan and bicameral support for their bill. Biden Administration officials, including Commerce Secretary Gina Raimondo, United States Trade Representative Katherine Tai, and National Security Advisor Jake Sullivan have also expressed support for increased scrutiny of outbound investment. In September 2022, the cosponsors of the National Critical Capabilities Defense Act, urged President Biden to take executive action to prevent the US from ceding our manufacturing power and technological know-how to foreign adversaries. Days later, Casey and Cornyn testified in support of the National Critical Capabilities Defense Act in front of the Senate Banking Committee, stressing the importance of assessing potential risks of American investments in adversarial countries. In December 2022, the Fiscal Year 2023 spending bill appropriated approximately $20 million in funding for the Department of Commerce and the Department of the Treasury to establish an outbound investment screening program by Executive Order, as Casey has pushed for the Administration to do. In March 2023, Casey wrote an op-ed outlining how to protect American innovation and keep American national and economic interests out of adversaries’ hands. In May, Senate Majority Leader Chuck Schumer (D-NY) announced a new initiative to strengthen America’s global leadership, including Casey’s provision to screen U.S. investments being made in countries of concern. Ahead of the 2023 introduction of the Outbound Investment Transparency Act, Casey continued to build momentum for the policy. In June, key Administration officials testified in front of the Senate Banking Committee about the importance of screening American companies’ investments in countries of concern—testimony which supports Casey’s proposal. Later that month, Casey delivered a rousing speech to union workers and business leaders in Pittsburgh to outline his vision for the United States to take control of its economic future, including screening investments going to countries like the People’s Republic of China and help de-risk our supply chains. On July 13, he and Cornyn introduced the Outbound Investment Transparency Act as an amendment to the National Defense Authorization Act (NDAA). The Outbound Investment Transparency Act one-pager can be found HERE.

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