CPA sent the following letter to House Speaker Nancy Pelosi (D-CA) to include a provision in the Senate-passed U.S. Innovation and Competition Act (USICA) (S. 1260) in any bill the House passes to address competition with China. The provision, Section 3407 — Annual Review on the Presence of Chinese Companies in United States Capital Markets…
WASHINGTON — The Coalition for a Prosperous (CPA) urged Treasury Secretary Janet L. Yellen to take action to protect U.S. retail investors and pensioners from risky, dangerous Chinese A-share companies that are available via certain investment products like Exchange Traded Funds (ETFs) and other index funds. In December 2020, Congress passed the Holding Foreign Companies…
CPA sent the following letter to Secretary of the Treasury Janet L. Yellen urging her to take action to protect American investors from risky and dangerous investments in Chinese A-share companies. Dear Secretary Yellen, We write to draw attention to the troubling continuation of U.S. investment in problematic – and often officially sanctioned – Chinese…
WASHINGTON — The Coalition for a Prosperous America (CPA) urged U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler to prohibit inclusion of certain Chinese companies in indices, Exchange-Traded Funds (ETFs), and other index funds provided by American index providers and asset managers. In the letter to Chairman Gensler, CPA outlined how four of the…
Biden added more Chinese companies to its blacklist. Why is BlackRock, Vanguard, State Street and others still allowed to invest in some of them?
WASHINGTON — The Coalition for a Prosperous America (CPA) praised certain provisions of the National Defense Authorization Act (NDAA), which was passed by both houses of Congress and is expected to be signed into law by President Biden shortly. Those provisions included measures that will increase procurement of domestically manufactured goods and address the growing…
WASHINGTON — The Coalition for a Prosperous America (CPA) today asked BlackRock CEO Larry Fink to stop aiding and abetting human rights abuses and national security risks associated by including Chinese companies in BlackRock’s iShares Exchange-Traded Funds (ETFs). BlackRock, which is the world’s largest asset manager, surprisingly recommended earlier this year that investors triple their…
CPA National Security Advisor Robby Stephany Smith submitted the following comment letter to the Department of Labor requesting that Environmental, Social, and Governance (ESG) include the following factors when providing greater guidance to fiduciaries: national security risks; political risks; existing sanctions on related entities or persons; human rights violations; linkages to state-owned or state-controlled industries…
Commerce banned more Chinese defense contractors from buying American computer hardware, other high-tech goods. Why can Vanguard and State Street still invest in them?
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…
