It concerns me to hear your opening testimony when you describe how these regulations are a response to the 2008 crisis. It is a little late to be writing regulations in response to the 2008 crisis.
Editor's note · Context
Sherman expresses concern over delayed regulatory responses to past financial crises.
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This is not an attempt to prevent Americans from investing in China across-the-board but to make that system fair and reasonable and provide adequate investor protection.
Capital builds economies, and from a macroeconomic standpoint, we would prefer that Americans not invest in China but invest here.
But unless we outlaw the kind of investment where you have a controlling interest, when you are a consulting company, when you are a venture capitalist, and prevent the flow of technology there, we will continue to provide advice and…
I join with colleagues on both sides in commending the Biden Administration executive order on outbound investment.





