CPA National Security Advisory Robby Stephany Smith submitted written testimony to the House Committee on Financial Services, Subcommittee on National Security, International Development and Monetary Policy regarding their hearing that explored the capital available to rogue regimes and international malign actors via their exploitation of the globe’s vast natural resources, including minerals, timber, and other…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a new economic report outlining a comprehensive plan to re-shore the U.S. bike and e-bike industry, which would create thousands of new U.S. manufacturing jobs, reduce U.S. dependence on China, and generate economic growth in an industry that is increasingly using advanced technology. The…
CPA sent the following letter to Secretary of the Treasury Janet Yellen and Chairman of the Federal Reserve Jerome Powell regarding implementing a new monetary policy tool called a Market Access Charge (MAC) to complement the Fed Funds Rate (FFR). The MAC would make it possible to moderate excessive flows of money into the U.S.…
WASHINGTON — The Coalition for a Prosperous America (CPA) released a statement after the Department of Commerce sided with Chinese solar manufacturers after rejecting a request from U.S. domestic solar manufacturers to investigate illegal and unfair circumvention of trade remedies on Chinese solar cells and modules. The American Solar Manufacturers Against Chinese Circumvention (“A-SMACC”) filed…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released the following statement after the House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, sending the legislation to President Joe Biden for signature. “The bipartisan infrastructure bill represents a positive step towards investing in our nation’s future. However, Congress has not yet remedied…
CPA sent the following letter to U.S. Secretary of Defense Lloyd J. Austin III regarding urgent updates that are needed to the 1260H Chinese Military Companies (CMCs) List and the inclusion of all CMCs on the OFAC NS-CMIC List to limit U.S. funding of China’s People’s Liberation Army. Dear Secretary Austin: Last week, General Milley…
CPA sent the following letter to U.S. Treasury Secretary Janet Yellen regarding her remarks that “lowering some tariffs in a reciprocal way” on China is “a desirable outcome” that could help ease inflation. In the letter, CPA outlines that there is no evidence suggesting that our 301 tariffs on merchandise from China are driving inflation.…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement on legislative efforts to resolve multinational tax avoidance that plagues the U.S. Treasury and puts U.S. domestic companies at a significant disadvantage to multinational competitors. Specifically, CPA supports reforms to the U.S. corporate tax system that prohibit tax avoidance through the book…
WASHINGTON — The Coalition for a Prosperous America (CPA) today submitted written testimony following a hearing in the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets titled, “Taking Stock of China, Inc.: Examining Risks to Investors and the U.S. Posed by Foreign Issuers in U.S. Markets.” CPA National Security Advisor Robby Stephany…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement following the termination of Ethiopia, Guinea, and Mali from the African Growth and Opportunity Act (AGOA) tariff preference program as of January 1, 2022, absent urgent action to meet statutory eligibility criteria. “CPA welcomes the news that three AGOA beneficiary governments are…
