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Chairman John Moolenaar (R-MI) of the House Select Committee on China and Chairman Jason Smith (R-MO) of the House Committee on Ways and Means
Chairman John Moolenaar of the Select Committee on China has sent a letter to Treasury Secretary Scott Bessent about financial technology company Airwallex, and its ties to China-based entities handling sensitive U.S. financial data. The letter details Airwallex’s significant China-based employee count, links to the Chinese government, susceptibility to Chinese national security laws, cybersecurity vulnerabilities, data handling, and other concerns. The letter requests Treasury assess the risks and provide a briefing to the committee.
In the letter, Chairman Moolenaar writes:
Chairman John Moolenaar (R-MI) of the House Select Committee on China (SCC) and Chairman Chris Smith (R-NJ) of the Congressional Executive Commission on China (CECC) have sent a letter to Department of Homeland Security (DHS) Secretary Markwayne Mullin requesting a briefing on DHS’s implementation of the Uyghur Forced Labor Prevention Act (UFLPA).
“Congress enacted these laws to ensure that illegally traded goods, particularly those made with forced labor, do not enter U.S. commerce and do not make American consumers complicit in atrocities, including genocide, in the Xinjiang Uyghur Autonomous Region (XUAR),” the lawmakers write. “Strong enforcement protects human rights, supports American workers, and helps ensure that U.S. businesses are not undercut by illegal and unfair trade practices.”
Chairman John Moolenaar of the House Select Committee on China made the following statement on fast fashion company Shein's plans for its initial public offering (IPO) on the Hong Kong Stock Exchange next month, after failing to go public in New York and London due to Shein's use of slave labor:
“For major U.S. banks to bankroll Shein’s IPO shows these institutions have no regard for human rights or the victims of forced labor who will be forced to pick cotton for Shein’s clothes. It is unconscionable for the American leaders of these institutions to claim they care about U.S. national security and then underwrite a company tied to the CCP and its forced labor and genocide. Enabling the human rights abuses of Shein and the CCP is a stain they will never be able to wash out unless they end their support for this IPO immediately.”
Chairman John Moolenaar (R-MI) of the Select Committee on China and Senator Rick Scott (R-FL) sent a
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WASHINGTON, D.C. — Chairman John Moolenaar (R-MI) of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party (CCP), Chairman Roger Williams (R-TX) of the House Committee on Small Business, and Chairman Brian Babin (R-TX) of the House Committee on Science, Space, and Technology announced today their decision to send joint letters to the 11 federal agencies who participate in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, providing billions of dollars annually to small American technology companies. These letters aim to address concerns over China’s exploitation of American taxpayer-funded innovation and to safeguard U.S. national security.