Watch live: U.S. House China panel holds first hearing after lawmakers push seven bills targeting Beijing

(The proceeding is scheduled to statesman astatine 7 p.m. ET. Please refresh the leafage if the supra video isn't playing astatine that time.)

WASHINGTON — A recently formed House committee devoted to examining economical contention betwixt the U.S. and China is holding its archetypal proceeding connected Tuesday night, capping disconnected a time of maneuvers connected Capitol Hill aimed astatine holding Beijing accountable for caller nationalist information offenses.

The Select Committee connected the Strategic Competition Between the United States and the Chinese Communist Party was formed successful January soon aft Republicans took the bulk successful the House. Its inaugural event, scheduled for primetime astatine 7 p.m. ET, comes arsenic lawmakers successful the House and Senate renew their absorption connected China aft the U.S. changeable down a CCP surveillance balloon earlier this month.

Committee Chair Rep. Mike Gallagher said the proceeding volition spotlight quality rights.

"We whitethorn telephone this a 'strategic competition,' but this is not a polite tennis match," Gallagher, R-Wis., volition accidental successful his opening remarks, according to a transcript reviewed up of the hearing. "This is an existential conflict implicit what beingness volition look similar successful the 21st period — and the astir cardinal freedoms are astatine stake."

An illustration is the U.S. government's targeting of the fashionable societal media level TikTok. The House Foreign Affairs Committee announced plans Monday to beforehand authorities giving the president the authority to prohibition the China-owned app successful the U.S. TikTok boasts implicit 1 cardinal progressive users.

TikTok has been successful lawmakers' crosshairs since erstwhile President Donald Trump projected utilizing enforcement powers successful 2020 to prohibition the app implicit information concerns.

The Biden medication has also sanctioned six Chinese aerospace companies supporting the nation's subject balloon programme aft the U.S. subject changeable down the Chinese spy balloon that drifted crossed the U.S. astir a period ago.

Gallagher and Rep. Raja Krishnamoorthi, D-Ill., ranking subordinate of the prime committee, called the balloon a "violation of American sovereignty" successful a associated statement.

The administration's determination prompted the advancement of respective bills designed to bolster U.S. nationalist information against China. Seven retired of 10 bills passed by the House Financial Services Committee Tuesday addressed China oregon its neighbor, Taiwan. While they would inactive request to wide the afloat House and Senate earlier becoming law, the measurement and velocity of the anti-China bills moving done the little enclosure bespeak a increasing chasm betwixt Washington and Beijing.

The House sheet approved the pursuing bills Tuesday:

• The "Taiwan Conflict Deterrence Act of 2023," to activate definite sanctions against Chinese leaders and their families if Beijing acts against Taiwan.
• The "Preventing the Financing of Illegal Synthetic Drugs Act," to survey illicit financing successful cause trafficking to halt the travel of fentanyl of Chinese root into American communities.
• The "Taiwan Non-Discrimination Act of 2023," to necessitate the U.S. to advocator for Taiwan's rank astatine the International Monetary Fund.
• The "Chinese Currency Accountability Act of 2023," To necessitate the Treasury Secretary to reason an summation successful the value of China's currency successful the radical of currencies influencing the worth of Special Drawing Rights.
• The "China Exchange Rate Transparency Act of 2023," to necessitate the U.S. Director astatine the IMF to advocator for transparent disclosure of China's speech complaint policies.
• The "PROTECT Taiwan Act," to necessitate the Federal Reserve, the Treasury Secretary and the Securities and Exchange Commission to exclude Chinese representatives from definite planetary proceedings if Taiwan is invaded.
• The "China Financial Threat Mitigation Act of 2023," to necessitate the Treasury Secretary to study connected planetary economical risks from China.

The Senate Committee connected Banking, Housing and Urban Affairs besides queried witnesses Tuesday connected advancing U.S. nationalist information done sanctions and export controls.

"The Chinese authorities made its aims clear: to predominate precocious exertion and planetary strategical proviso chains," Sen. Sherrod Brown, D-Ohio, seat of the committee, said successful opening statements. "The 'Chinese Communist Party's' civil-military fusion argumentation erases the enactment separating commercialized and subject usage of finished goods – and of the technologies that spell into them."

Gallagher volition echo these statements during the Tuesday nighttime hearing.

"The CCP laughed astatine our naïveté portion they took vantage of our bully faith," Gallagher volition accidental of erstwhile economical approaches by the U.S. "But the epoch of wishful reasoning is over. The Select Committee volition not let the CCP to lull america into complacency oregon maneuver america into submission."

Matthew Pottinger, erstwhile U.S. Deputy nationalist information adviser; erstwhile U.S. National Security Adviser H.R. McMaster; Yong Ti, a Chinese quality rights advocate; and Scott Paul, president of the Alliance for American Manufacturing, are scheduled to attest astatine the hearing.