July 1, 2020

Stop Using - and Underwriting - CCP Corporate Threats

This is Frank Gaffney with the Secure Freedom Minute.

Yesterday, the Federal Communications Commission formally designated two giant Chinese telecommunications firms as nationally security threats. As a result, American carriers will be unable to use our government’s funds to buy equipment for their networks from Huawei or ZTE.

Huawei happens also to have been recently identified by the Pentagon as one of 20 “Communist Chinese military companies” doing business in the United States.

Yet, as things stand now, both Huawei and ZTE are still allowed to raise money in U.S. capital markets – as are at least a dozen other People’s Liberation Army corporations busily underwriting their malevolent activities, including the CCP’s vast arms build-up, with our money.

As Senator Tom Cotton put it recently, “That needs to stop, now.” President Trump should make doing so a priority with respect to ZTE, Huawei and other Chinese corporations that threaten our national security.

This is Frank Gaffney.

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