Washington, D.C. — Today, Chairman John Moolenaar of the House Select Committee on China sent a letter to JPMorgan Chase & Co. CEO Jamie Dimon and Bank of America CEO Brian Moynihan demanding the banks withdraw from their role in the upcoming Hong Kong initial public offering (IPO) of Contemporary Amperex Technology Co., Limited (CATL). The Department of Defense has designated CATL as a “Chinese military company” under Section 1260H of the National Defense Authorization Act.
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).
WASHINGTON, D.C. – Today, Chairman John Moolenaar (R-MI) and Ranking Member Raja Krishnamoorthi (D-IL) of the House Select Committee on China released a new investigative report exposing DeepSeek, a Chinese artificial intelligence platform, as a serious national security threat to the United States.
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
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
WASHINGTON, D.C. – Today, Chairman John Moolenaar, alongside Rep. Jimmy Panetta (D-CA), introduced legislation aimed at penalizing Chinese entities that provide material support to Russia’s ongoing invasion of Ukraine and targets dual-use technology, defense cooperation, and financial transactions that directly contribute to Russia’s military aggression.
Washington, D.C. — As Passover is celebrated across the United States and around the world, Chairman Moolenaar released the following statement:
WASHINGTON, D.C. – On April 9th, the House Select Committee on China and the Senate Special Committee on Aging held a joint hearing to address the growing threats posed by the Chinese Communist Party to Americans’ retirement savings. The hearing underscored the urgent need to shield U.S. capital from exploitation by hostile foreign actors.
Congressman John Moolenaar Named U.S. Co-Chair of the Inter-Parliamentary Alliance on China Washington, D.C.
— Chairman John Moolenaar of the House Select Committee on the Chinese Communist Party, has been named the new U.S. Co-Chair of the Inter-Parliamentary Alliance on China (IPAC), a cross-party group of legislators from democratic nations working to reform how countries approach relations with the Chinese Communist Party.
Moolenaar succeeds Secretary of State Marco Rubio, who co-founded IPAC and served as its inaugural U.S. Co-Chair. IPAC plays a leading role in coordinating global legislative efforts to counter the CCP authoritarian influence and to advance democratic values and human rights.
WASHINGTON DC — The House Select Committee on the Chinese Communist party will hold a joint hearing with the Senate Special Committee on Aging titled “Financial Aggression: How the Chinese Communist Party Exploits American Retirees and Undermines National Security". The hearing will be held on Wednesday, April 9th at 2:30 P.M. in the Dirksen Senate Office Building (SD-106). The hearing will feature expert witness testimony on the risks posed to American investments in China by the CCP, focusing on the urgent need for Americans to safeguard their retirement savings against the volatile and predatory actions of the CCP. Witnesses will discuss the unique challenges, risks, and scams created by the CCP’s system, emphasizing how Communist China’s growing influence jeopardizes the financial stability of hardworking Americans, and their retirement funds.
WASHINGTON, D.C. – Today, members of the majority on the House Select Committee on China stand united to reaffirm their commitment to protecting national security and ensuring American data remains secure upon the announcement regarding a TikTok deal.
In a statement, the members said:
WASHINGTON, D.C. – Congressman John Moolenaar, Chairman of the House Select Committee on China, issued the following statement supporting President Trump's announcement of new tariffs targeting imports from China. These China tariffs complement Chairman Moolenaar's bipartisan legislation, the Restoring Trade Fairness Act, introduced earlier this year to revoke China's permanent normal trade relations status.
WASHINGTON DC — The House Select Committee on the Chinese Communist party will hold a joint hearing with the Senate Special Committee on Aging titled “Financial Aggression: How the Chinese Communist Party Exploits American Retirees and Undermines National Security". The hearing will be held on Wednesday, April 9th at 2:30 P.M. in the Dirksen Senate Office Building (SD-106).
WASHINGTON DC —Chairman John Moolenaar (R-MI) of the House Select Committee on China released the following statement on today’s passage of the DETERRENT Act:
WASHINGTON DC — Today, Chairman John Moolenaar of the House Select Committee on the Chinese Communist Party delivered opening remarks at the “How to Save TikTok and Protect U.S. National Security” event at the Capitol. View the remarks here.
|