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FEDERALhearing transcript
High Impact

Senate Hearing on U.S. Economic Strategy and Global Leadership

Original title: U.S. NATIONAL SECURITY AND ECONOMIC STATECRAFT: ENSURING U.S. GLOBAL LEADERSHIP FOR THE 21ST CENTURY

January 1, 2023

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The Frame

What this does

This hearing examines the strategic use of U.S. economic tools to counter foreign influence, which directly impacts international trade relations, global supply chains, and the competitive standing of U.S. interests abroad.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

U.S. Department of State

The agency is tasked with implementing economic growth and energy policies as part of foreign statecraft.

U.S. Trade and Development Agency

The agency facilitates trade and development projects that align with U.S. foreign policy objectives.

U.S. Department of the Treasury

The department manages international financial affairs and economic policy tools.

What changed

Last recorded activity January 1, 2023.

What's next

Next step not available in the current record.

Summary

The Senate Committee on Foreign Relations held a hearing to discuss how the U.S. can use economic and trade tools to advance foreign policy goals. The discussion focused on countering the economic influence of nations like China and Russia, which use trade and energy policies to exert geopolitical pressure.

Key Facts

  • The hearing took place on July 27, 2022, in the Dirksen Senate Office Building.
  • The committee discussed the shift of geopolitical power toward geo-economic foundations in the 21st century.
  • Chairman Menendez identified China's use of economic coercion, such as trade barriers against Lithuania, as a form of economic warfare.
  • The committee examined how the U.S. can improve its position as an economic partner of choice for other nations.
  • The hearing included testimony from officials representing the Department of State, the U.S. Trade and Development Agency, and the Department of the Treasury.
  • Written responses to follow-up questions from committee members were submitted by the witnesses for the record.

Why It Matters

This hearing examines the strategic use of U.S. economic tools to counter foreign influence, which directly impacts international trade relations, global supply chains, and the competitive standing of U.S. interests abroad.

Frequently Asked Questions

What was the primary purpose of this hearing?
To discuss how the United States can utilize economic, trade, and development tools to promote foreign policy objectives and improve global standing.
Which government agencies provided testimony?
The Department of State, the U.S. Trade and Development Agency, and the Department of the Treasury.

News Coverage

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Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Focus on Geo-economics

The committee is explicitly framing economic policy as a primary tool of national security rather than a secondary concern.

Connected Entities

personRobert MenendezChairman of the Senate Committee on Foreign RelationsMap →
personJose W. FernandezUnder Secretary of State for Economic Growth, Energy, and the EnvironmentMap →
personEnoh T. EbongDirector of the U.S. Trade and Development AgencyMap →
personAndy BaukolCounselor to the Secretary and Acting Under Secretary for International Affairs Map →
organizationSenate Committee on Foreign RelationsThe committee conducting the hearingMap →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance75
    How much this matters to a regular citizen
  • Controversy40
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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