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Americans are unwittingly financing the CCP. It has to stop.

August 29, 2023
Editorial

Washington Post | Rep. Mike Gallagher

Should your university’s endowment be underwriting the Chinese Communist Party’s genocide against the Uyghur people?

Would you like your retirement savings to be powering the CCP’s techno-totalitarian surveillance state?

These aren’t hypothetical questions. Millions of Americans have become financial backers of the CCP without knowing it. Their savings are funding companies that build weapons for China’s People’s Liberation Army as well as companies involved in the ongoing genocide in Xinjiang.

This month, the Biden administration took a first crack at the problem. In a long-awaited executive order, the president directed the Treasury Department to issue rules restricting some U.S. investment in PRC companies working on artificial intelligence, semiconductors and quantum computing. This was a good first step, but it should not be the last.

Read the full op-ed HERE.

Issues: American Business CCP International Influence