CPA: SEC Must Implement Holding Foreign Companies Accountable Act Without Delay

WASHINGTON — The Coalition for a Prosperous America (CPA) today urged U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler to implement the Holding Foreign Companies Accountable Act (P.L 116-222) without delay after reports that the Commission has not acted sufficiently to implement the law. The bipartisan legislation passed Congress unanimously and was enacted into…

CPA Letter to SEC re Implementation of the Holding Foreign Companies Accountable Act

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 Letter to President Biden on Strengthening Implementation of EO 14032 Via Inclusion of Commerce Department Entity List Companies

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 Letter to President Biden on Capital Markets Sanctions for Chinese Military Companies

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…

Job Quality Index Rises Slightly in May

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…

CPA on Agreement of 130 Countries to Address Tax Avoidance by World’s Largest Corporations

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…

CPA on Biden’s Chinese Solar Sanctions: A Good Start, but More is Needed

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…