JP Morgan CEO Jamie Dimon, Others, Tell Congress They’ll Leave China If Told
Washington proves to be more hawkish on China than Wall Street. Especially in the House of Representatives. A look at a recent House Financial Services Committee meeting.
CPA Applauds Inbound Chinese Investment Executive Order
Biden Administration Should Address Outbound Investment Risks WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement regarding the Biden administration’s Executive Order to strengthen the federal government’s authority to block Chinese investment in technology in the United States and limit the Chinese Communist Party’s access to private data on American citizens.…
CPA: UN Confirms Beijing’s Systematic Slave Labor, Torture, Forced Sterilization and other Human Rights Abuses of Uyghurs
Congress, Biden Administration Should Revoke PNTR for China WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement calling on Congress and the Biden administration to impose trade and capital markets sanctions on China following a report from the Office of the United Nations High Commissioner for Human Rights (OHCHR) accusing China…
CPA Concerned that U.S. Government Auditor Deal with China Could Skirt Investor Protection Laws
WASHINGTON — The Coalition for a Prosperous America (CPA) today expressed concern after the Public Company Accounting Oversight Board (PCAOB) announced an agreement with China regarding audits of Chinese firms listed on U.S. exchanges. PCAOB has refused to make the framework agreement public, but asserts that it allows U.S. inspectors to travel to Hong Kong…
Vanguard, BlackRock Funnel U.S. Investment to Chinese Shipyard that Built Third CCP Aircraft Carrier
Download the PDF of this briefing alert HERE. SUMMARY As of June 2022, BlackRock, Vanguard, and other Wall Street financial firms are exploiting American investors and helping the Chinese Communist Party (CCP) build and modernize the Chinese military. Currently, these firms are offering Exchange Traded Funds (ETFs) and other investment products to U.S. investors that…
CPA Data Shows Federal Retirement Funds Flowing to CCP Companies
WASHINGTON — The Coalition for a Prosperous America (CPA) today released its findings regarding the Thrift Savings Plan’s (TSP) new Mutual Fund Window. As first reported by The Wall Street Journal, CPA’s deep-dive into the Mutual Fund Window’s offerings document serious exposure to companies owned or controlled by the Chinese Communist Party (CCP). Shockingly, the…
House Foreign Affairs Committee Talks China Export Controls, CHIPS Act
Commerce Department official tells House Foreign Affairs of the urgent need for the CHIPS Act, and says department is looking into more export controls on China.
CPA Coalition Letter to House Rules Committee Re Preventing Investing in Chinese Companies Undermining Basic Human Rights, American Values, and Interests
CPA sent the following letter to the House Rules Committee requesting they make in order amendments to the FY2023 National Defense Authorization Act (NDAA) that would prevent individuals, entities, and the U.S. government from investing in harmful entities that undermine U.S. values, basic human rights, and the stated security objectives and interests of the U.S.…
CPA Coalition Letter to House Rules Committee re Protecting Federal Retirement Dollars from Flowing to China
CPA sent the following letter to the House Rules Committee requesting they make in order amendments that would protect American government employees from the harms caused by investing their hard-earned retirement dollars in an inefficient market, state- controlled companies, and adversarial country – the People’s Republic of China. The amendments would require the Federal Retirement…
Despite Bipartisan Opposition, Federal Retirement Board Moves Ahead with Controversial Plan to Invest Federal Retirement Savings in China
WASHINGTON — Despite bipartisan opposition from lawmakers in the House and Senate, the Federal Retirement Thrift Investment Board (FRTIB) yesterday proceeded to begin investing federal retirement savings from the Thrift Savings Plan (TSP) — the largest defined contribution plan in the world — in bad-actor Chinese companies. The FRTIB’s new Mutual Fund Window will add…