The DETERRENT Act ensures section 117 is aligned with existing statute. The four countries on the countries of concern list are rightfully in statute as unique threats to the United States. That is our concern. China, Russia, North Korea, and Iran represent countries that are actively hostile to the U.S. and are serious security threats. Endowment investments in companies controlled by our adversaries could result in dangerous support for our enemies. This is why the DETERRENT Act requires institutions to disclose any such investments of concern. It is important for our wealthiest institutions to be transparent with the public about this danger. In contrast, this amendment attempts to use the illegitimate International Criminal Court to determine what countries are threats to the United States and targets endowment investments into those threats. The ICC has baselessly asserted jurisdiction over the United States and its allies like Israel and further abused its power by issuing frivolous arrest warrants. There is no reason to use the ICC to define what countries are actively seeking to harm the United States and what endowment investments should be transparent. Mr. Chair, I oppose this amendment that targets Israel and hurts American interests.
On the recordMarch 25, 2025
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