Rubio unveils bill to kick blacklisted Chinese firms out of U.S. markets

“It’s a dark day for those on Wall Street who assumed that mainland-listed Chinese companies would continue to have unfettered access to the unregulated and unscreened ‘back door’ into U.S. capital markets via Exchange-traded funds benchmarked against indices,” said Roger Robinson, a former White House official in the Ronald Reagan administration who has sought tougher controls on Chinese companies in U.S. capital markets.

The proposal comes amid growing pressure from Congress and the Trump administration to crack down on Chinese companies that enjoy the backing of U.S. investors but do not comply with U.S. rules faced by American rivals. In August, U.S. Securities and Exchange Commission and Treasury officials urged President Donald Trump to delist Chinese companies that trade on U.S. exchanges and fail to meet its auditing requirements by January 2022.

The Senate unanimously passed legislation in May that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they follow standards for U.S. audits and regulations.

No to worry Cuban who is not Latino but a clouwn let's hope you l OK st your seat waste of space

Did you get approval from your leader?

Is his head that small or is the mask huge.

Morons want to ignite trade war retaliation

Can we blacklist him instead?

This globalization thing is now hated by the very capitalists who forced it down our throats becoz the Chinese played a better hand?

GOP politics have always faired poorly when focusing on monetary policy. The blacklisted companies will simply form new companies under shell names, this is a waste of time.

I’d like to see that happening..

Since Senate has gone home until after elections this is not going anywhere

That mask looks badly photoshopped. And what's lil' marco pointing to, little marco?

Does that include U.S. Companies that base in foreign tax havens?

Anti-Chinese now ?

Someone wants to keep their job. putinsgop VoteHimOut gopgenicidaloldparty

An easy test to determine a lack of intelligence and lack of awareness is to determine if a person supports Rubio for a position of power.

What about all American companies doing business with China? $500B annual in trades, unemployment? Bankrupt? No plan administration. There’s repercussions.

Rubio acted like he is from Puerto Rico or Columbia

Did he ask Trump if it was ok?

Then do it Say by words is a liar Have u got power to do it

BANANT BANTIKTOK BANZOOM all huge National Security Risks to American people!

Yes! And delist any Chinese firm that doesn’t follow US disclosure & accounting standards.

I’m laughing because everything Rubio does is a joke

He needs to work harder on getting the national security threat, Trump, out of office... Who btw, has a secret China bank account. His kids are making bank from China too.

Highly recommend following TheNAJournal if you want legit non-partisan journalism.

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