If the Public Company Accounting Oversight Board is unable to certify they are"not owned or controlled by a foreign government," or if the non-profit oversight board cannot inspect the company's public accounting firm for three consecutive years, the company will be banned from trade.
"I do not want to get into a new Cold War. All I want—and I think all the rest of us want—is for China to play by the rules," Sen. John Kennedy said on the Senate floor."[The PCAOB] say we're going to double check your audits and everybody has to comply with that rule—American companies, British companies, Malaysian companies—except one. Chinese companies. They just say no... And you know what we do about it? Nothing. Zero."that is also sponsored by Sens.
The move comes as the U.S. has increasingly pitted blame against the Asian nation for allowing the coronavirus pandemic to ensnarl virtually every corner of the globe. Members of Congress regularly lambast China for intellectual property theft. Chief among them is Republican Senator Josh Hawley. He and his state of Missouri have found themselves thefor his endeavor to allow Americans to sue Chinese officials over damages from the COVID-19 pandemic, which originated in Wuhan, China.
The United States Senate passed a bill Wednesday that seeks to prohibit American investors from dumping money into some Chinese companies.that amid accusations China attempted to cover-up the outbreak that has claimed the lives of 92,000 Americans as of Wednesday, the country tried to prevent the World Health Organization from sounding the alarm about the virus in January.
Hopefully, China will retaliate by striking back at realDonaldTrump's and Ivanka's companies, which would reduce the problem of grossly underpaid workers and child labor in China.
In the past decades, China is targeted as both an potential enemy and ally of U.S. but it's all just the appearance. In reality these two countries are very close to each other, their next generation leaders are the same group of people, playing both sides to control the world.
The problem we have been noticing concerning COVID-19 is not the virus ironically, but the disinformation of its origins & affects, since scientists and medical scholars are in bed with the elected misrepresentitives who are known liars, the public rather rely on probability