Members of the House Select Committee on the Chinese Communist Party called on Congress to legislate some U.S. divestment from Chinese companies.
At least 115 mutual funds in the federal government's Thrift Savings Plan contain one or more of 30 sanctioned or watch-listed Chinese companies that threaten national security, according to a report. Rep. Raja Krishnamoorthi, D-Ill., ranking member of the committee, said the U.S. must prevent a"catastrophic war" between China and Taiwan.
WASHINGTON — Members of a bipartisan House committee examining economic competition between the U.S. and China said Tuesday that Congress needs to legislate barriers for American investment in Chinese companies, including artificial intelligence. "It is up to Congress to ensure American money isn't financing the CCP's top tech ambitions, including AI, quantum computing, and semiconductors, but also biotechnologies, directed energy, hypersonics, advanced manufacturing, space technologies ... anything associated with the PRC's military-industrial complex,"Get Tri-state area news and weather forecasts to your inbox.