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…
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…
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…
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…
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 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 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…
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…
SUMMARY The U.S. Government is poised to invest billions of taxpayer dollars in Chinese Communist Party (CCP) controlled companies via the U.S. Government retirement system, the Thrift Savings Plan (TSP) which is managed by the Federal Retirement Thrift Investment Board (FRTIB). The TSP’s Mutual Fund Window initiative is scheduled to begin June 1 barring White…
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded a letter from U.S. Senator Marco Rubio (R-FL) and his colleagues urging Federal Retirement Thrift Investment Board’s (FRTIB) Acting Chairman David Jones to abandon its plan to open a new “Mutual Fund Window” beginning June 1, 2022 for federal Thrift Savings Plan (TSP) participants.…
