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US lawmakers seek to undercut Chinese AI and tech sales abroad

The legislation, sponsored by Democrat Jeanne Shaheen of New Hampshire and Republican Pete Ricketts of Nebraska, would create an office within the ‌State Department to ⁠subsidize ⁠purchases by allied governments of American technology and streamline the procurement process. If passed, a ​fund worth $500 million would be created to help finance the program.
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The Economic Times broke the news on Tuesday, May 19, 2026.
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