Washington, D.C. — The Select Committee on China welcomed the U.S. Trade Representative’s findings in its Section 301 investigation into China’s shipbuilding overcapacity. In a bipartisan statement, Chairman John Moolenaar and Ranking Member Raja Krishnamoorthi said they are encouraged by USTR’s decision to take long-overdue action against Beijing’s use of massive subsidies and state-controlled firms to dominate global shipbuilding and maritime logistics.
“We are encouraged by USTR’s decision to take meaningful action to counter China’s unfair and aggressive push to dominate global shipbuilding and maritime logistics. This is the same playbook we’ve seen in semiconductors and solar—massive subsidies, anti-competitive tactics, and an effort to edge out American workers and businesses.
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.