U.S. Rep. Posey legislation blocks CARES Act funds from going to Communist China’s slavery and concentration camps

Sept. 25, 2020, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement in support of H.R. 8331, the “Accountability for CARES Act of 2020” by U.S. Rep. Bill Posey (R-Fla.) that would block CARES Act funds from going to Chinese companies:

“Congressman Posey is holding Communist China accountable for its abhorrent human rights record, concentration camps, forced slave and child labor, organ harvesting, crushing Hong Kong and threatening Taiwan with legislation that blocks any pandemic-related economic assistance in the CARES Act to be given to any business with ties to China. Without such taxpayer protections, hundreds of millions of dollars are potentially flowing to businesses either controlled, operated or owned by the Chinese Communist Party.

“We applaud and thank U.S. Reps. Posey, Gaetz, Spano, Weber and Cloud, whose legislation protects national security, holds China to account and blocks U.S. tax dollars from funding slavery and concentration camps in one of the most tyrannical regimes in human history. Every member of Congress should support this common-sense provision, and leadership of both parties should ensure that it is included in any phase four legislation.”

Attachments:

“Will Chinese Companies Get A Stimulus Check Again This Time?” By Kenneth Rapoza, Sept. 25, 2020 at https://www.forbes.com/sites/kenrapoza/2020/08/05/will-chinese-companies-get-a-stimulus-check-again-this-time/   “More than 125 companies owned or invested in, directly or indirectly, by the Chinese government got emergency loans authorized by the Small Business Administration and Treasury Department and were also PPP recipients. Horizon said those companies received over $192 million in PPP loans. Around 32 state owned enterprises received over $1million in loans.”

“U.S. investment in China funds slavery, concentration camps and organ harvesting,” By Robert Romano, Sept. 11, 2020 at http://dailytorch.com/2020/09/why-are-wall-street-banks-funneling-40-billion-into-the-chinese-communist-party-via-the-ant-group-ipo/

U.S. investors have $381 billion invested in Chinese and Hong Kong equities, bonds and other securities: https://ticdata.treasury.gov/Publish/slt1f.txt

Interview Availability: Please contact Americans for Limited Government at 703-383-0880 or at media@limitgov.org.

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