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Van Hollen Releases Statement on The Presidential Working Group on Financial Markets' Report on Chinese Companies

Statement

Date: Aug. 6, 2020
Issues: Business and Consumers Foreign Affairs

Today, U.S. Senator Chris Van Hollen (D-Md.) released the following statement regarding the recommendations made by the presidential Working Group on Financial Markets on reporting requirements for Chinese companies:

"Today's report is an important first step. But in order to change the status quo, and hold Chinese companies to the same standards as others, we must pass the Holding Foreign Companies Accountable Act. Without the added teeth of our bill, this report alone does not implement the requirements necessary to protect everyday American investors."


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