Legislation to Restrict US Investment in China Is Top Priority, House Committee Chairman Says

Rep. John Moolenaar (R-Mich.) stated, “I believe that American businesses, American investors, want to do the right thing.” The bipartisan House committee on China has focused on legislation to limit U.S. investment in China, with Moolenaar emphasizing the importance of not supporting activities that could harm the U.S. He mentioned the need for clear guidelines for U.S. companies when investing, highlighting the risks associated with technology transfer to China. The committee’s report revealed how U.S. funding indirectly aided the Chinese regime’s military advancements. Moolenaar, along with Sen. Marco Rubio (R-Fla.), introduced the Patriotic Investment Act to discourage U.S. investment in China. The goal is to ensure that American businesses act responsibly and do not inadvertently support harmful activities. The companies listed are Semiconductor Manufacturing International Corporation (SMIC), China Mobile, BGI Genomics, and Yangtze Memory Technologies (YMTC). Both the Biden and Trump administrations have acknowledged the occurrence of “genocide” in Xinjiang, pointing to the detention of over 1 million Uyghurs by the Chinese Communist Party (CCP). The CCP’s history of human rights abuses extends beyond Xinjiang. Organ harvesting, a practice where living individuals have their organs forcibly removed for profit, has been confirmed by investigations. Falun Gong practitioners have been identified as the primary targets of this inhumane act. The CCP’s repression efforts also extend internationally, with reports of intimidation, coercion, and harassment against dissidents and activists, a tactic known as transnational repression. The CCP’s influence has been seen in attacks against protesters, including incidents during CCP leader Xi Jinping’s visit to San Francisco. Lawfare is another method used by the CCP to silence critics, as highlighted in a recent hearing. It is crucial for individuals facing such threats to report them to relevant authorities. Rep. John Moolenaar emphasized the importance of protecting free speech rights and remaining vigilant against CCP intimidation tactics. Please rewrite this sentence.

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