House committee leaders take hard China truths to Wall Street

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Aside from his support for the Navy's worse-than-useless littoral combat ship, Rep. Mike Gallagher (R-WI) is excelling as chairman of the House Select Committee on the Chinese Communist Party. Both Gallagher and the committee's ranking Democrat, Rep. Raja Krishnamoorthi (D-IL), deserve credit for…

Aside from his support for the Navy's worse-than-useless littoral combat ship, Rep. Mike Gallagher is excelling as chairman of the House Select Committee on the Chinese Communist Party. Both Gallagher and the committee's ranking Democrat, Rep. Raja Krishnamoorthi , deserve credit for their bipartisan effort to protect the nation from China.

Underlined by CEOs such as BlackRock's Larry Fink and Intel's Pat Gelsinger, too many American financial and corporate leaders believe that their maximization of Chinese profit should come before national security. In contrast, Gallagher and Krishnamoorthi rightly believe that no U.S. company should be helping the People's Liberation Army improve its means of sending young American sailors to watery graves. Unfortunately, that is what we are talking about here. The Chinese want U.S.

Referencing the AUKUS nuclear submarine accord between Australia, the United Kingdom, and the U.S., Gallagher noted,"We have no closer alliances than that which we have with the Aussies and the Brits. And yet we still have outdated roadblocks to cooperation in the form of ITAR, International Trafficking in Arms Regulation, that make it exceedingly difficult to share human beings and knowledge and technology even with allies with whom we share sensitive intelligence.

 

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