Legislation introduced by U.S. Rep. Andy Barr would prevent U.S. capital from financing the Chinese Communist Party, officials said.
The legislation, the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act, would establish a comprehensive outbound investment screening regime to protect the savings and retirement accounts of Americans. If passed, the bill would create targeted restrictions to make sure American investors are not financing the CCP’s military and surveillance capabilities without their knowledge. The bill was co-sponsored by the chair of the House Select Committee on Strategic Competition between Chinese Communist, U.S. Rep. John Moolenaar (R-MI), and House Foreign Affairs Committee Chairman-Emeritus Michael McCaul (R-TX). The legislation was previously introduced in the 118th Congress.
“The CCP is using American capital to fuel its military ambitions and undermine our security. Under President Trump, we took bold action to counter China, but the Biden Administration failed to keep pace,” Barr said. “Now, with President Trump back in the White House, I am reintroducing the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act to stop U.S. investments from strengthening our greatest adversary and ensure we put America’s interests first.”
Senator John Cornyn (R-TX) sister legislation in the U.S. Seante.
“As the ongoing threats from the Chinese Communist Party (CCP) continue, Congress is taking a significant step to safeguard American economic interests and protect national security,” Speaker of the House Mike Johnson said. “President Trump has made clear the past few decades of investments propping up Chinese aggression must come to an end. The introduction of the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act is an important step to protect our nation’s long-term investments, and we look forward to working with President Trump and his administration to uphold American leadership and maintain a strong, unified position against the CCP’s threats.”