How Wall Street Loopholes Funnel US Capital to Chinese Communist Party

Chris Iacovella, CEO of the American Securities Association, told The Daily Signal these activities include “the internment of Uyghurs, funding [People’s Liberation Army] weapons systems, a cyber army that relentlessly attacks this country, our businesses, and our people, as well as numerous other atrocities from a human rights perspective, including genocide.”

Iacovella testified in April at a joint House-Senate hearing on the CCP about loopholes that allow Chinese companies to access U.S. capital markets despite a Chinese prohibition on foreign ownership.