Today, Chairman John Moolenaar (R-MI) of the House Select Committee on China released a new report titled How to Stop China’s Theft of America’s Taxpayer-Funded Research. The report rebuts arguments against commonsense research security guardrails, such as the Securing Innovation and Research from Adversaries (SIRA) Act, with evidence-based analysis relying on documentation from committee investigations, federal enforcement actions, and inspector general findings.

A new bipartisan investigation by the Select Committee on China, led by Chairman John Moolenaar (R-MI) and Ranking Member Ro Khanna (D-CA), finds that stock brokerage Webull Financial has not been transparent about its links to China. In addition to finding that the company’s practices exposed American investors’ data to surveillance risks in China, the investigation also documents how the company is controlled by China-linked executives and its China-based subsidiary receives subsidies and cash rewards from Chinese government authorities.

Chairman John Moolenaar of the Select Committee on China has sent a letter to Chairman Kevin Warsh of the Board of Governors of the Federal Reserve System formally requesting a review of the current repurchase agreement facility it has set up with the Hong Kong Monetary Authority (HKMA). This facility was initially created during the COVID pandemic to provide liquidity to Hong Kong prior to the Chinese Communist Party-imposed National Security Law.

In the letter, Moolenaar writes:

The Federal Bureau of Investigation (FBI) has arrested suspected Chinese government agent Wanying 'Heather' Zhang at Los Angeles International Airport after she allegedly surveilled Taiwanese President Ching-Te Lai's adult son, Ting-Yu Lai, who resides in the Seattle area.