GOP Senator pushing legislation to reduce pharmaceutical dependency on China: 'We are dependent on them' - News Summed Up

GOP Senator pushing legislation to reduce pharmaceutical dependency on China: 'We are dependent on them'


Sen. Marsha Blackburn, R-Tenn., addressed the reliance that the U.S. currently has on China when it comes to key pharmaceutical ingredients, as medical professionals are hoping to stave off the coronavirus pandemic. The Republican senator specified that the bill has a $100 million grant pool for "centers of excellence" to work with pharmaceutical companies, and that she is now also looking into possible tax incentives. Blackburn also addressed legislation currently being worked on by lawmakers to address the economic impact of the coronavirus. Blackburn also warned against repeating what she believes were mistakes during the response to the 2008 economic crash which "really slowed down the recovery." "We need to be certain that what we are doing doesn’t get in our own way," she said.


Source: Fox News March 15, 2020 13:41 UTC



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