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Putting Checks on Communist China
It’s no secret that Xi Jinping wants to strip freedom from Chinese citizens to consolidate his power.
It’s also not a secret that he wants to extend his freedom-loathing grip to the entire world. Communist China has made it clear it is attempting to overtake the United States to become the next superpower by engaging in espionage and currency manipulation.
The United States cannot let the Chinese Communist Party take freedom away from the rest of the world.
That is why the House passed the China Exchange Rate Transparency Act, which would call on the International Monetary Fund (IMF) to increase accountability and oversight of China’s exchange rate policies. By preserving the value of the American dollar, this bill would be instrumental in countering the People’s Republic of China and supporting the American economy.
In addition to this bill, the House also passed the PROTECT Taiwan Act, which would put checks on the Chinese Communist Party by excluding its officials from participating in certain international financial organizations if it threatened the security of Taiwan. We cannot reward China’s bad behavior with our economy if it threatens democracies and freedoms among its neighbors.
Countering the communist regime is not a red-or-blue issue - it is an American issue. In the face of growing threats from China, America must lead from a position of strength. As chairman of the House Foreign Affairs Subcommittee on Oversight and Accountability, I will continue to demand action from the Biden Administration.