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UncategorizedNovember 22 2024, 8:18 am

US House Advances Bipartisan Bill to Block Chinese Biotech Companies

On 14 Novem­ber 2024, The Ful­crum report­ed that the US Con­gress is mov­ing for­ward with leg­is­la­tion aimed at restrict­ing Chi­nese biotech­nol­o­gy com­pa­nies’ access to fed­er­al con­tracts and Amer­i­can genet­ic data, mark­ing a sig­nif­i­cant esca­la­tion in efforts to pro­tect sen­si­tive health infor­ma­tion. The arti­cle begins:

This month IssueVot­er and BillTrack50 take a look at the BIOSECURE Act, a sig­nif­i­cant esca­la­tion in efforts to restrict Chi­nese influ­ence in Amer­i­ca’s biotech­nol­o­gy sec­tor. The bipar­ti­san leg­is­la­tion, passed by the House of Rep­re­sen­ta­tives in Sep­tem­ber and spear­head­ed by Reps. Brad Wen­strup (R‑Ohio) and Raja Krish­namoor­thi (D‑Ill.), aims to pro­tect Amer­i­can patient data and pre­vent fed­er­al funds from flow­ing to biotech­nol­o­gy com­pa­nies deemed to pose nation­al secu­ri­ty risks.

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Key Points:

  1. Bill tar­gets five spe­cif­ic Chi­nese com­pa­nies includ­ing BGI and WuXi AppTec
  2. Leg­is­la­tion would block fed­er­al con­tracts with “biotech­nol­o­gy com­pa­nies of concern”
  3. Crit­ics argue bill lacks a prop­er inves­ti­ga­tion process and could harm health­care innovation
  4. Com­pa­nies defend them­selves, empha­siz­ing pri­vate own­er­ship and lim­it­ed data access