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Tom Cotton introduces pass to block China-owned organizations from receiving stimulus funds

GOP Sen. Tom Cotton on Tuesday brought an amendment to the Republican HEALS act banning any Chinese-owned entity from receiving stimulus cash.

The measure would also require the Secretary of the Treasury to claw lower back CARES Act funds provided to Chinese companies earlier this yr amid reports they scored millions of greenbacks of PPP funding.
“China unleashed this plague on the world and they have to be held accountable — not given a money bonus by using the American government,” Cotton stated in a statement.
“My amendment would make sure all coronavirus comfort cash stay proper here in the United States where they’re wanted the most,” he continued.
According to a New York Times document published Sunday, up to $419 million of PPP funding went to more than 125 agencies that Chinese entities own or are invested in.
At least 32 Chinese companies pocketed loans really worth greater than $1 million.
The generous present from the US government comes as the Chinese Communist government faces extreme scrutiny over its disastrous dealing with of the pandemic, which originated in Wuhan in late 2019, along with allegations it tried to cover-up and smash proof of the earliest cases.

Source: The New York Times

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