The Honorable Paul Atkins

Chairman

U.S. Securities and Exchange Commission

100 F Street NE

Washington, D.C. 20549

Dear Chairman Atkins,

As Chairmen of the House Select Committee on the Strategic Competition Between

the United States and the Chinese Communist Party and the Senate Committee on Aging

and Members of Congress, we write to express grave concern over the continued presence

April 16, 2025
Mr. Jensen Huang
Chief Executive Officer
NVIDIA Corporation
2788 San Tomas Expressway
Santa Clara, CA 95051

Dear Mr. Huang,

April 17, 2025
Mr. Brian Moynihan
Chairman and Chief Executive Officer
Bank of America
100 North Tryon Street
Charlotte, NC 28255

Dear Mr. Moynihan,

We are writing to express significant concerns regarding Bank of America’s involvement in the upcoming Hong Kong initial public offering (IPO) of Contemporary Amperex Technology Co., Limited (CATL)—a Chinese military company designated by the U.S. Department of Defense under Section 1260H of the National Defense Authorization Act (NDAA).

April 17, 2025
Mr. Jamie Dimon
Chairman and Chief Executive Officer
JPMorgan Chase & Co.
383 Madison Avenue
New York, NY 10179

Dear Mr. Dimon,

We are writing to express significant concerns regarding JPMorgan Chase & Co. (JPMorgan)’s involvement in the upcoming Hong Kong initial public offering (IPO) of Contemporary Amperex Technology Co., Limited (CATL)—a Chinese military company as designated by the U.S. Department of Defense under Section 1260H of the National Defense Authorization Act (NDAA).

Read the full report here.

EXECUTIVE SUMMARY

 “Some in the industry have claimed that the U.S. holds an 18-month AI lead, but that obfuscates reality—it’s closer to three months.” – U.S. AI Executive 

Timothy L. Killeen

President 

University of Illinois Urbana-Champaign 

506 South Wright Street 

Urbana, IL 61801 

Dear Mr. Killeen,

Dr. Carol Folt 

President 

University of Southern California 

USC Office of the President 

Los Angeles, CA 90089 

Dear Dr. Folt

Dr. Mung Chiang

President

Purdue University 

610 Purdue Mall 

West Lafayette, IN 47907 

Dear Dr. Chiang,