[Federal Register Volume 78, Number 43 (Tuesday, March 5, 2013)]
[Notices]
[Pages 14422-14423]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-05013]


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U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION


Notice of Open Public Hearing

AGENCY: U.S.-China Economic and Security Review Commission.

ACTION: Notice of open public hearing--March 7, 2013, Washington, DC.

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SUMMARY: Notice is hereby given of the following hearing of the U.S.-
China Economic and Security Review Commission.
    Name: William A. Reinsch, Chairman of the U.S.-China Economic and

[[Page 14423]]

Security Review Commission. The Commission is mandated by Congress to 
investigate, assess, and report to Congress annually on ``the national 
security implications of the economic relationship between the United 
States and the People's Republic of China.'' Pursuant to this mandate, 
the Commission will hold a public hearing in Washington, DC on March 7, 
2013, ``Corporate Accountability, Access to Credit, and Access to 
Markets in China's Financial System--the Rules and Their Ramifications 
for U.S. Investors.''
    Background: This is the second public hearing the Commission will 
hold during its 2013 report cycle to collect input from academic, 
industry, and government experts on national security implications of 
the U.S. bilateral trade and economic relationship with China. The 
economic and political drivers, rules and norms that govern China's 
financial markets diverge--sometimes sharply--from those that define 
the system in the United States, presenting unique challenges for U.S. 
investors and the enforcement agencies charged with protecting their 
interests. While investors have been eager to buy stock in high yield 
U.S.-listed Chinese companies accounting and financial management 
problems have created concern about the adequacy of protection of U.S. 
investors interests. Companies traded in U.S. Capital markets are 
required to disclose details of business strategies, financial records 
and operations. With SEC and U.S. exchanges halting trading of dozens 
of Chinese companies due to accounting practices and concerns about 
fraud, the Commission will examine U.S. and Chinese corporate 
governance and accountability rules, regulations and enforcement 
mechanisms. The Commission will also consider the availability of 
financial services, access to credit, and market opportunities for both 
Chinese and American private sector enterprises. With U.S. firms eager 
to meet growing demand for their financial services, witnesses will 
testify regarding access, opportunities and challenges in the Chinese 
marketplace.
    The hearing will be co-chaired by Commissioners Robin Cleveland and 
Carte Goodwin. Any interested party may file a written statement by 
March 7, 2013, by mailing to the contact below. A portion of each panel 
will include a question and answer period between the Commissioners and 
the witnesses.
    Location, Date and Time: 562 Dirksen Senate Office Building. 
Thursday, March 7, 2013, 9:00 a.m.-3:30 p.m. Eastern Time. A detailed 
agenda for the hearing is posted to the Commission's Web site at 
www.uscc.gov. Also, please check our Web site for possible changes to 
the hearing schedule. Reservations are not required to attend the 
hearing.

FOR FURTHER INFORMATION CONTACT: Any member of the public seeking 
further information concerning the hearing should contact Reed Eckhold, 
444 North Capitol Street NW., Suite 602, Washington, DC 20001; phone: 
202-624-1496, or via email at [email protected]. Reservations are not 
required to attend the hearing.

    Authority: Congress created the U.S.-China Economic and Security 
Review Commission in 2000 in the National Defense Authorization Act 
(Pub. L. 106-398), as amended by Division P of the Consolidated 
Appropriations Resolution, 2003 (Pub. L. 108-7), as amended by 
Public Law 109-108 (November 22, 2005).

    Dated: February 28, 2013.
Michael Danis,
Executive Director, U.S.-China Economic and Security Review Commission.
[FR Doc. 2013-05013 Filed 3-4-13; 8:45 am]
BILLING CODE 1137-00-P