New bill aims to ban Americans from investing in all Chinese firms on Entity List
Former State Department official Christian Whiton provides insight into tensions between the U.S. and China.
Rep. Mike Gallagher, R-Wis., introduced new legislation on Friday that aims to ban Americans from investing in Chinese companies and individuals listed on the Commerce Department’s so-called Entity List of firms facing U.S. restrictions.
Republican Sens. Marco Rubio of Florida and Mike Braun of Indiana introduced the Senate version of the bill called the American Financial Markets Integrity and Security Act on Thursday.
"We've seen that the Chinese Communist Party is engaged in a relentless campaign to dominate critical technologies," Gallagher told Fox News. "As we've seen time and again, CCP exploits our fair and open system in order to dominate those technologies using American capital to finance its malign agenda."
He continued: "To make matters worse, the financing is coming not just from big Wall Street banks and hedge funds but from unwitting Americans whose hard-earned investments are caught up in mutual funds, retirement [funds] and things like that, and I think this poses a direct threat to our economic security and national security."
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee, leads the fifth plenary session of the 19th Central Committee of the Communist Party of China in Beijing on Oct. 29, 2020. (Wang Ye/Xinhua via AP …
The legislation is something of an extension to President Trump's Nov. 12 executive order that prevents Americans from investing in 31 Chinese companies that help the country's military operations.
The congressman praised the president's executive order but said the American Financial Markets Integrity and Security Act goes a step further by prohibiting all Chinese companies on the Entity Listfrom listing on U.S. exchanges and receiving U.S. investments.
The bill also restricts those companies from using federal funds, as well as investments from U.S. insurance companies and retirement funds.
A Chinese flag hangs near a Hikvision security camera outside of a shop in Beijing on Oct. 8, 2019. (AP Photo/Mark Schiefelbein)
The Trump administration has been adding dozens of Chinese firms to the Entity List, particularly in the last year, alleging they helped China spy on Muslim minority populations in the northeast region of the country or for having ties to weapons of mass destruction in China's possession.
Gallagher specifically named Sensetime Technology and Dahua Technology as examples, "both of which have helped contribute to the imprisonment of a million Uighurs in Xinjiang Province," he said.
"The ultimate goal is to ensure that an increasingly hostile foreign power isn't using the American economy against us -- isn't using Americans' hard-earned money to finance or build weapons ... that could be used against our armed service members in a future conflict."
The congressman said he is "cautiously optimistic" about winning bipartisan support, and he is working to get a House Democrat to support the bill.
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Copied from the book, Reality as Myths by Onyeji Nnaji T he world of the Bantu travellers shows the walls of the migration that recorded the highest population among the African settlement. Originating from the largest population among the four races that settled in the east before time, all Bantu travellers were pygmies; for that was the nature of the Umudiala, the generation that gave birth to them. Bantu migration was rated the third earliest migration of the Negro race from the east. In this regard, all their movement had involved great population of people compared to the number of people involved in the two earlier populations that gave birth to Ethiopia, Nubia and Egypt: the Walker Traveller, and the Race of Anu. Bantu population as we have identified in the third chapter above outweighs the rest of the population of the ancient fathers that founded many of the nations of antiquity mentioned earlier. Discussing them in beat will pose a little challenge since
T he name Nkalaha is a coinage which stands for a people occupying a geographical land and regional setting in the eastern part of Nigeria. It is a coinage which attempts to explain the direction of movement and adventure of the men who founded the community in the 15th century AD. According to oral sources and some documentation about this community, some of these men were believed to have traveled from Ida, old Benue state of Nigeria to inhabit the land. These men had traveled on different days to locate the place. Onojah who originally founded the land was said to have been in a deep search for a place of safety as he was besieged by a fate that appeared to make him somewhat incompatible with his own people. Other works bothering on Nkalaha are stated below. Touch any of the topics and read them to increase your understanding of your home. Make comments where necessary. The History of Nkalaha language Myth and the Nkalaha world The negative effects of politics in Nkalah
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INTRODUCTION One thing that made Udi remarkable is the indubitable legacy adopted in commemoration of the legendry fighter, Uto at Nsude. It was one of the greatest contributions of the descendants of Agbaja to the survival of Nsukka civilization of memory. Uto held from Oshie. Uto dies of small pox after a mercenary battle he was hired to fight in the ancient Benin. His body was buried in the evil forest as the tradition demanded. Although he lived no longer, the stepped pyramids above were adopted to commemorate the lasting peace he brought to the entire Oshie and Udi nation of people. Another remarkable thing about Udi is the fertility of the land. This has contributed widely in sustaining the inhabitants and provided a name for the inhabitants in the manner of Abakaliki, Umudike, Ogbaru, Igboariam, Ohaji, Uzouwani, etc., especially in Amofia-Agu, Affa. Udi is a land of great rivers and springs: Adaada, Ajali, Oji, Aria, Nvenu, Ngene Evu, Iyi Ububo, etc. as was the situ