President Biden’s long-awaited Executive Order (EO) on outbound investment to China, released Wednesday, August 9, 2023, left much to be desired from CPA’s perspective.
This past May in, testimony before the House Select Committee on the Chinese Communist Party (CCP), CPA’s Roger Robinson, Jr. delivered a comprehensive examination of how U.S. investor capital is being used to fund China’s malign activities that directly threaten U.S. economic and national security.
The following written testimony was submitted by Michael Stumo, CEO of CPA, to the House Ways and Means Subcommittee on Trade for a hearing titled, “Modernizing Customs Policies to Protect American Workers and Secure Supply Chains,” that was held on May 25, 2023. Read Stumo’s oral testimony here. Written Testimony…
CPA, along with several other organizations and leaders, sent the following coalition letter to President Joe Biden requesting that the administration establish a mechanism to review U.S. outbound investment to China in order to address the risks and threats associated with U.S. capital bolstering the CCP’s ability to modernize and advance its military and build…
The following written testimony was submitted to the Congressional-Executive Commission China (CECC) on April 18, 2023 by CPA’s Robby Stephany Saunders, Vice President for National Security, and Charles Benoit, Trade Counsel. Before the Congressional-Executive Commission on China WRITTEN TESTIMONY Tuesday, April 18, 2023 at 10:00am ET | Submitted on Tuesday,…
CPA sent the following letter to the Public Company Accounting Oversight Board (PCAOB) and the Securities and Exchange Commission (SEC) after the PCAOB announced Chinese auditors were in full compliance with U.S. securities regulations. As a result, more than 170 Chinese companies, many with overt ties to the Chinese Communist Party (CCP), will be able…
CPA sent the following letter to the leadership of the Senate Armed Services Committee in support of the Schumer-Cornyn amendment that would ensure taxpayer dollars are not spent on China-made semiconductors. The amendment would prohibit U.S. companies from doing business with Chinese microchip companies—notably, Semiconductor Manufacturing International Corp. (SMIC), ChangXin Memory Technologies (CXMT), and Yangtze…
CPA sent the following letter to U.S. Customs and Border Protection and the U.S. Department of Homeland Security requesting that several additional Chinese companies engaged in forced labor be added to the U.S. Customs and Border Protection’s (CBP’s) Uyghur Forced Labor Prevention Act (UFLPA) Entity List, subjecting them to the presumption that their products are…
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…