On the recordSeptember 10, 2024
Mr. Chair, I appreciate the gentleman from New York (Mr. Nadler) sharing his concerns. I argue that whatever the 2018 China Initiative had actually rendered with regards to the amount of investigations or findings is still far better than what the Biden- Harris administration has done, where they have had zero, Mr. Chairman, since 2022, when they canceled this. I also remind everyone that this is a simple thing for us. What are we asking for here? We are asking for the DOJ to do their job, to prosecute bad actors of the Chinese Communist Party, not something that seems unreasonable, and to direct the shared information to the Department of Defense and the Department of Commerce. Mr. Chair, if CFIUS works so well, then I would have argued that they would have blocked the sale of U.S. Steel to Nippon Steel to allow us to have an actual advantage and control our resources and economic capabilities, but they don't. That is why I offer this amendment in an area to ensure that those companies that have been blacklisted can no longer circumvent the system and that the Department of Defense and the Department of Commerce are aware of the investigations that should be held by the Department of Justice. Mr. Chair, I yield back the balance of my time.





