Metro Lex News

Congressmen Andy Barr, John Moolenaar, and Michael McCaul have reintroduced the FIGHT China Act, a bipartisan bill aimed at preventing American investments from supporting the Chinese Communist Party's (CCP) military and technological advancements. The legislation seeks to establish a screening regime for outbound investments to protect American savings and retirement accounts.

Congressman Andy Barr stated, "The CCP is using American capital to fuel its military ambitions and undermine our security." He emphasized the need for this legislation under President Trump's administration to ensure U.S. investments do not strengthen adversaries.

Speaker of the House Mike Johnson expressed support, noting that Congress is taking steps to safeguard economic interests and national security. "President Trump has made clear the past few decades of investments propping up Chinese aggression must come to an end," he said.

Chairman John Moolenaar highlighted the importance of halting American capital flow to the CCP. "Reintroducing this legislation is a crucial step in stopping American investments from fueling China’s military buildup," he stated.

Chairman-Emeritus Michael McCaul stressed the necessity of protecting U.S. national security by preventing CCP exploitation of U.S. capital. "This is a proud moment for America," he remarked.

Chris Iacovella, CEO of the American Securities Association, praised Rep. Barr's efforts in holding China accountable and expressed hope for collaboration with Treasury to block CCP military companies' access to American capital.

Senator John Cornyn has introduced the bill in the U.S. Senate as part of this initiative.