WASHINGTON, D.C. – In case you missed it, National Economic Council Director Larry Kudlow appeared on Fox Business today to discuss the need for the U.S. to crack down on Chinese-owned companies listed on U.S. stock exchanges. This follows Senator Scott’s calls for additional protections and warnings for American investors about how U.S.-listed Chinese companies present regulatory, oversight and enforcement challenges that undermine transparency and confidence in American markets.
Senator Scott wrote a letter to the editor of the Wall Street Journal in response to a recent op-ed criticizing the Securities and Exchange Commission’s (SEC) warning about the risks of investing in Chinese companies. He is also co-sponsor of the Ensuring Quality Information and Transparency for Abroad-Based Listings on our Exchanges (EQUITABLE) Act, which would increase oversight of Chinese and other foreign companies listed on American exchanges and delist firms that are out of compliance with U.S. regulations for a period of three years.
Watch the clip on Fox Business HERE.