CPA Applauds Senators Cassidy, Baldwin and Vance for Bill to Limit Damage of “De Minimis” Import Loophole
Three Senators going after China’s “free trade” deal with the United States.
Congress Should Compel Global Divestment from China’s Slave Labor
Creating a stark choice between American investment and forced labor operations is the best way to combat modern slavery in China. Public opinion of China has shifted drastically in the past decade. A recent Pew poll found that 83 percent of Americans now hold a negative view of the People’s Republic. That’s understandable given China’s long history…
CPA Applauds House Bill Seeking to Ban Securities of Foreign Adversaries from Private Pension Plans
The Coalition for a Prosperous America (CPA) today applauded a new bill by Rep. Jim Banks (R-IN-03) that would ban private pension plans from investing in the stocks and bonds of countries deemed adversarial by Washington. If passed, the Employee Retirement Income Security Act of 1974 (ERISA), a federal law that sets minimum standards for…
FDA Allows Uninspected China Lab to Sell Cancer Drugs in the US
A Chinese cancer drug maker that has not been inspected by the FDA since 2018 is selling chemotherapy drugs to the U.S. due to shortages. When will the U.S. meet its critical medication needs?
House Hearing on Dollar Focused on Sanctions Powers, ‘De-Dollarization’ Risks
The House Financial Services Committee says American consumers are helped by a strong dollar, which lowers the price of imports to the tune of up to $45 billion per year in savings. In a $23 trillion economy, is an overvalued dollar really worth it?
U.S. Trade Deficit Rises 23% in April; Goods Gap Breaks Record For Year
China as a source for American imports is on the wane thanks to tariffs, other business risks. But strong dollar keeps imports booming.
To Fight Drug Shortages FDA Has an Idea: Import More Inspection-Free Drugs
The balance between scarcity and supply favors supply, even if that means importing drugs from labs the FDA has not inspected.
Five China Companies Wall Street Still Funds Despite Being Blacklisted
Meet the Chinese companies banned by Commerce and the State Department, but still able to attract billions from Wall Street fund managers.
FBI Faces Harsh Criticism in Homeland Security Committee China Hearing
House Homeland Committee leadership say DoJ, FBI, and Homeland have all failed in stopping China espionage, IP theft.
Spotlight Shines on CPA in Latest House Ways & Means Trade Hearing
At a recent House Ways & Means subcommittee hearing on trade, CEO Michael Stumo talks de minimis, and the inescapable realities of China’s forced labor.