CPA sent the following letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler urging the Commission to swiftly implement the Holding Foreign Companies Accountable Act (P.L 116-222), bipartisan legislation that will ensure that Chinese and other foreign companies traded on U.S. exchanges are subject to the same independent audit requirements that apply to…
CPA sent the following the letter to U.S. Trade Representative Katherine Tai urging that the Biden-Harris administration end Hong Kong’s status in the WTO GPA in light of the Chinese Communist Party’s (CCP) takeover of the Special Administrative Region (SAR) and the end of the “One Country, Two Systems” arrangement. Dear Ambassador Tai: We write…
By Charles Benoit, CPA Trade Counsel There is high drama in Congress this summer as the U.S. House and Senate offer differing takes on the direction of U.S. trade policy. The Senate’s bill would disarm America’s trade defenses and ensure a relentless flood of imports from China if passed. Fortunately, the House Ways and Means…
WASHINGTON — The Coalition for a Prosperous America (CPA) today, in two separate letters, urged President Joe Biden to place capital markets sanctions on additional Chinese companies present in U.S. capital markets. In the first letter, CPA requested the Biden administration update their list of sanctioned Chinese companies to include companies that were originally on…
CPA sent the following letter to President Joe Biden requesting that the administration update Treasury’s Office of Foreign Assets Control (OFAC) Non-SDN Chinese Military-Industrial Complex Companies (NS-CMIC) List with the five Chinese companies that were added to the Commerce Department’s Entity List on June 24, 2021 because they use forced labor. Three of these Chinese…
CPA sent the following letter to President Joe Biden requesting that the administration add Chinese companies on the Department of Defense’s Chinese Military Companies List to the Department of the Treasury’s Office of Foreign Assets Control (OFAC) Non-SDN Chinese Military-Industrial Complex Companies (NS-CMIC) List. Executive Order 14032 established the NS-CMIC List as part of the…
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) rose slightly to 81.68 in May, up 0.39% from the previous month, as high-quality jobs increased in sectors including health care and automotive dealerships in May. The JQI increased only slightly because those high-quality jobs…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement after 130 countries and jurisdictions, representing more than 90% of global GDP, joined a statement establishing a new framework for international tax reform. According to the announcement, the “framework updates key elements of the century-old international tax system, which is no longer…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement regarding new action by the Biden administration aimed at Chinese solar companies’ use of forced labor in Xinjiang. As part of the announcement, the U.S. Customs and Border Protection will bar imports of metallurgical-grade silicon mined by Hoshine Silicon Industry (Shanshan) Co.—including…
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded legislation introduced by U.S. Senator Jon Ossoff (D-GA) that seeks to boost U.S. domestic solar manufacturing, accelerate the transition to clean energy, and support American energy independence. Specifically, the Solar Energy Manufacturing for America Act would provide tax credits for multiple stages of the…
