CPA believes that foreign adversaries like China should not be able to exploit U.S. capital markets and tens of millions of unwitting American investors in order to fund activities that pose a threat to U.S economic and national security.
In order to protect retail investors and pensioners, CPA believes that companies should only be able to access U.S. capital markets if they are in compliance with all U.S. laws for transparency and accountability. Additionally, any company, including its subsidiaries, sanctioned by the U.S. government should be prohibited from accessing our markets, and no American investor — retail or institutional — should be able to invest in any financial product of a sanctioned company, including securities and other investment products like Exchange Traded Funds (ETFs).
U.S. investors are inadvertently funding Chinese companies involved in activities contrary to the national security, economic security, and human rights interests of the United States. For decades, Wall Street has profited by helping the Chinese Communist Party (CCP) fund its companies via U.S. capital markets, exploiting tens of millions of unwitting American investors in the process. Currently, there are Chinese companies integrated into U.S. capital markets that actively assist the CCP and its campaign of evil, including Beijing’s genocide and human rights abuses against the Uyghurs and companies helping to strengthen and modernize the People’s Liberation Army, Navy, and Air Force.
CPA advocates for the inclusion of more companies on existing sanctions lists, as well as creating new sanctions to protect American investors from these harmful companies that not only pose material risk to the return on investment, but also threats to American security. Via legislative, regulatory, and executive branch tools, CPA advocates for a U.S. government strategy that cuts off funding to the CCP and protects hard-earned investment capital.
House Speaker Mike Johnson (R-LA) and Senate Majority Leader Chuck Schumer (D-NY) each have expressed their desire to move forward this Congress with a bill to prohibit U.S. capital, economic incentives, and trade preferences from benefitting China and other adversarial nations. Importantly, this legislative package would also seek to build American productive capacity to eliminate dependence on those nations, especially in industries that are critical to U.S. economic and national security. The Coalition for a Prosperous America (CPA) endorses the following legislation for inclusion in any such package.
Democrats on the House Committee on Small Business kept to their year-long messaging that tariffs are raising costs and hurting companies. There were many interesting themes from the Nov. 20 hearing titled How Main Street is Revitalizing Domestic Manufacturing.
The affordability crisis is primarily a result of price increases in five major sectors of consumer spending: housing, food, health care, child care, and energy. In none of those sectors are tariffs a significant factor.
To trade away aluminum and steel workers’ home market in exchange for padding Big Tech’s bottom line overseas is immoral and wrong. The Section 232 actions on aluminum and steel should be singularly focused on rebuilding domestic output across the supply chains, not used as leverage to help Google and Meta become even more profitable.
The America First Investment Policy rightly seeks to ensure that Wall Street can no longer channel hundreds of billions of U.S. dollars into companies that build China’s military, commit human rights atrocities, and threaten our national security. CPA strongly supports Chairman Moolenaar’s effort to codify this policy into law.
The Senate Special Committee on Aging was back at it this week discussing the woeful predicament of the domestic generic drug industry and its import-facing supply chain. This time, the Committee heard from four generic drug makers opposed to advocacy groups and Washington think tanks.
The August trade deficit fell a significant 23.8%, with exports flat and imports down 5% due in large part to the 90-day reprieve from the so-called “Liberation Day” tariffs expiring.
