CPA Model: US-UK Trade Agreement Would Make Over 3,000 Unemployed, Reduce GDP in U.S.

Key Points CPA’s economic modeling of a U.S.-U.K. free trade agreement that cut tariffs to zero between the two countries shows that such an agreement would increase unemployment by more than 2,000 jobs and reduce U.S. GDP by $142 million. This economic model includes for the first time a methodology for estimating job loss due…

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CPA: SEC Must Implement Holding Foreign Companies Accountable Act Without Delay

WASHINGTON — The Coalition for a Prosperous America (CPA) today urged U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler to implement the Holding Foreign Companies Accountable Act (P.L 116-222) without delay after reports that the Commission has not acted sufficiently to implement the law. The bipartisan legislation passed Congress unanimously and was enacted into…

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CPA Letter to SEC re Implementation of the Holding Foreign Companies Accountable Act

CPA sent the following letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler urging the Commission to swiftly implement the Holding Foreign Companies Accountable Act (P.L 116-222), bipartisan legislation that will ensure that Chinese and other foreign companies traded on U.S. exchanges are subject to the same independent audit requirements that apply to…

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House Foreign Affairs Says To ‘Work With Allies’ on China, Focus on Indo-Pacific

The House Foreign Affairs Committee on Tuesday heard from witnesses on what “working with allies” on China really entails. First, a focus on soft power in Indo-Pacific, which means funding development projects there. Second, a reminder that a weak, China-dependent Europe makes it harder for them to join forces with Washington.

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‘Made in America’ Pandemic Preparedness Act Passes Committee Unanimously. Now What?

Both houses of Congress have bills that have passed committees, easily, in regard to building domestic supply of personal protective equipment for medical staff. These bills need to hit the floor so President Biden can sign them. But, more importantly, Buy American provisions face serious WTO risk, making all of this action moot.

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Hong Kong’s Warning From Washington Should Mean No More WTO Special Treatment

The Biden Administration warned American businesses of sanctions risk and other problems in doing business with Hong Kong, now officially part of China. Washington now needs to get Hong Kong out of the WTO’s Government Procurement Agreement, which essentially grants China backdoor entrance to Buy America provisions.

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