'For decades, establishment elites in our nation’s two major political parties ignored — and oftentimes furthered — the Chinese Communist Party’s efforts to undermine our national security, industrial capacity and the well-being of American workers.’

• ‘The greatest example of this is China’s exploitation of U.S. capital markets and Wall Street’s role in facilitating the transactions that transfer American investment to malicious Chinese companies.’

‘A number of Chinese companies and their subsidiaries that operate in U.S. capital markets actively support the Communist Party’s programs to supplant the United States.’

• ‘Such companies benefit from Beijing’s espionage and human rights abuses, as well as government programs such as the “military-civil fusion strategy” and “Made in China 2025” industrial policy.’
• ‘As a result, Americans are investing in Chinese companies that bankrupt American competitors and build weapons that may be used against U.S. service members.’

‘China can finance its industrial ambitions with the deepest, most liquid capital markets in the world — our own.’

• ‘In Congress, we must continue our bipartisan efforts to stop China’s exploitation of U.S. finance. I will soon be reintroducing my American Financial Markets Integrity and Security Act, which would ban malicious Chinese companies from operating in U.S. capital markets.’

‘Opponents of this effort argue these companies will flee to foreign exchanges abroad, a move that would be bad for America’s economy and our investors.’

• ‘But these opponents fail to explain how the current status quo is good for America at all.’

‘I will never support allowing American investors to put their hard-earned money into opaque, Chinese Communist Party-controlled companies that flout U.S. investor protections laws, extend the CCP’s reach globally and corrode democratic governance.’

• ‘The United States cannot afford to keep supporting the CCP and its state-led economic model, whether inadvertently or deliberately, through misguided economic and financial policies.’
• ‘It is high time that we realigned our economic activities with our national interests and political values.’