Political Quotes

“I rise in support of H.R. 1549, the China Financial Threat Mitigation Act, sponsored by Mr. Williams of Texas and Mr. Gottheimer of New Jersey. The People's Republic of China continues to pose a significant challenge to America's economy and financial system. This doesn't mean that China is simply an economic competitor. Rather, China has taken an aggressive adversarial posture toward American influence and power globally, leveraging its growing economic strength to do so. To address concerns raised by China's conduct in this regard, American policymakers, including Members of Congress, need accurate data about the potential risks posed. This includes information about trade, both legal and illegal investments, demographics, subsidies for domestic industries, and demand for oil and economic growth. Unfortunately, despite these needs, the economic data available directly from China is generally limited and unreliable. Even China's gross domestic product figures are regarded as questionable. Madam Speaker, this bill asks for a detailed study on these issues. The bill would also require recommendations for additional actions to strengthen international cooperation to mitigate risks and protect U.S. interests. The House previously passed this bill four times in the last three Congresses, and I hope we can finally pass it into law.”