WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement calling on the House Rules Committee to support amendments to the National Defense Authorization Act for Fiscal Year 2022 (H.R. 4350) put forth by both Democrats and Republicans that impose capital markets sanctions on Chinese companies and address the national and economic security threat posed by the Chinese Communist Party (CCP).
CPA also led a coalition letter calling on Members of the House Rules Committee to make in order ” amendments that would protect Americans from the harms caused by Chinese Military Companies (CMC’s) and other malign corporate actors.” Fight for Freedom. Stand with Hong Kong., Global Solidarity with Hong Kong – Chicago, Northern California Hong Kong Club, and Victims of Communism Memorial Foundation joined CPA in signing the letter.
Specifically, CPA worked with lawmakers on amendments that:
- Impose capital markets sanctions on certain Chinese companies;
- Protect American investors from unknowingly investing in Chinese bad actor companies;
- Require greater involvement in reporting and data gathering on Chinese companies in the U.S.;
- Enforce Buy America rules for Department of Defense contracts;
- Strengthen Made in America requirements for federal government spending and procurement;
- Eliminate U.S. financial and diplomatic support for the Winter 2022 Chinese Olympic Genocide Games; and
- Protect against Chinese malign influence in our supply chains, military depot maintenance, and more.
“There is a considerable, and growing, consensus among both Democrats and Republicans on Capitol Hill that Congress must address the CCP’s exploitation of U.S. capital markets and tens of millions of American investors,” said Michael Stumo, CEO of CPA. “Today, the House Rules Committee has a chance to approve multiple amendments to address this, including amendments that protect U.S. investors from unwittingly investing in companies that support the CCP’s campaign of evil. On behalf of CPA and our members, we urge all members of the Committee to support these important efforts and allow the full House to vote on these critical amendments on the floor.”
Prior to the full House consideration of the FY 2022 NDAA, CPA provided briefings to Members of Congress and their staff, urged the House Armed Services Committee to adopt changes in Committee, and called on Congress to take serious action against the efforts of the CCP to undermine U.S. interests.
