SEC Chair Atkins - Stop the Funding of Our Demise

A U.S. official just reminded Congress of the enormous threat we face from Communist China: “America’s adversaries…are already embedded in our systems, mapping our infrastructure, and preparing to disrupt critical operations at a time of their choosing….Cyberattacks on energy infrastructure are a daily reality and a growing strategic weapon.” 

This report makes all the more astounding the fact that the Securities and Exchange Commission continues to enable Chinese Communist companies – even ones blacklisted for being tied directly to the CCP’s military – to have privileged access to America’s capital markets. 

While SEC Chairman Paul Atkins says he’s going to “scrutinize” more carefully such companies and what they are doing, unless and until he terminates a 2013 Memorandum of Understanding engineered by then-Vice President Joe Biden, our investors will continue – mostly unwittingly – to prop up and otherwise underwrite the greatest threat this country has ever faced.

This is Frank Gaffney.