Invisible China - Congressional CCP Update - Senate Passes Bipartisn Bill - House Moves Another Bill Forward

Invisible China - Congressional CCP Update - Senate Passes Bipartisn Bill - House Moves Another Bill Forward

Released Wednesday, 10th June 2020
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Invisible China - Congressional CCP Update - Senate Passes Bipartisn Bill - House Moves Another Bill Forward

Invisible China - Congressional CCP Update - Senate Passes Bipartisn Bill - House Moves Another Bill Forward

Invisible China - Congressional CCP Update - Senate Passes Bipartisn Bill - House Moves Another Bill Forward

Invisible China - Congressional CCP Update - Senate Passes Bipartisn Bill - House Moves Another Bill Forward

Wednesday, 10th June 2020
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Senate News on the CCP 

"We don't want to be unfair to Chinese companies. We're not changing the rules. They've just been ignoring the rules," said Sen. John Kennedy (R-La.) in a floor speech before the legislation passed. Kennedy worked closely on the bill with Sen. Chris Van Hollen (D-Md.), an original co-sponsor.

"It says to all the companies out there in the world, including, but not limited to China: You want to list on an American exchange, you have to submit an audit, and the SEC has the right to look at that audit, and audit the audit," Kennedy said.

"If you ignore the SEC for three years, then you've got to take your business somewhere else."

Lawmakers and investor advocates have raised alarm as hundreds of billions of dollars in Chinese equities have poured into U.S. stock exchanges in recent years, even though the country continually refuses to give American regulators access to inspect their accounting audits.

 House News on the CCP

COVID-19 Accountability Act

This bill authorizes sanctions to the Chinese government's response to the COVID-19 outbreak. 

The President shall periodically certify to Congress that the Chinese government 

(1) is cooperating with efforts related to the COVID-19 outbreak, 

(2) has prohibited wet markets, and (3) has released and dropped all charges for anyone involved in protests in Hong Kong related to COVID-19. 

Check out the Podcast for more information. 

Thank you - Mark 

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