US Senator Bob Casey delivers remarks at the Belmont Water Treatment Center during a visit to Philadelphia on Feb 3, 2023. Casey is one of the sponsors of a bill which would require private equity firms to disclose Chinese investments.
"The American people deserve to know where and how their savings are being invested," Casey said in a statement. US private investment firms have poured more than US$80 billion into China between 2018 and 2022, some via pension plans, according to Casey's office. Casey has also co-sponsored a measure that would require government notification of investments in certain sensitive technology sectors in China. That measure has been added as an amendment to the Senate's National Defense Authorization Act and may or may not survive reconciliation with the House's version.