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Marsha Blackburn Introduces Legislation to Defund Businesses Linked to the Chinese Military
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Politics |
Washington, D.C. – On Thursday, December 10th, 2020, U.S. Senator Marsha Blackburn (R Tenn.) introduced legislation to prohibit U.S. pension investments in Chinese companies.
“There is no line between the Chinese Communist Party and Chinese businesses. Companies like Huawei prop up and assist the regime in their genocide of the Muslims Uyghurs, Inner Mongolians, Tibetans, and other religious and ethnic minorities. American dollars should not be used to violate human rights,” said Senator Blackburn.
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Over the course of this year, the U.S. government has enacted a number of new regulatory changes
, including changes aimed at addressing national security concerns related to countries of interest, including China, Russia, and Venezuela. The year end and a forthcoming change in administration have not resulted in a moratorium on new export control and sanctions measures the U.S. government is continuing to implement measures targeting such countries of interest, including China. Companies should continue to proactively monitor and review these changes to assess how the regulatory changes may affect their business and update their compliance programs accordingly.