[Congressional Record Volume 166, Number 195 (Tuesday, November 17, 2020)]
[House]
[Page H5863]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      THE GROWING THREAT OF CHINA

  (Mr. LaMALFA asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. LaMALFA. Madam Speaker, China continues to grow as a threat to 
freedom and human rights worldwide, and the People's Liberation Army is 
one of their strongest tools.
  Unfortunately, large U.S. investment funds are shelling out millions 
of dollars to Chinese companies that support the PLA. Individuals, 
banks, and companies should not be putting our financial security at 
risk in order to inflate their financial portfolios.
  President Trump has been consistently tough on China and recently 
issued an executive order banning American investment in these 
dangerous companies. Similarly, Congressman Banks, Congressman 
Gallagher, and I introduced the Stop Funding the PLA Act to prohibit 
American funds from going to entities that support China's growing 
military presence.
  Madam Speaker, I urge my House colleagues to join us in making this 
bill a permanent part of our strategy to hold China accountable. We 
should stand strong and never support the Chinese Communist Party or 
any of its entities.

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