Anaheim Hills, CA—Today, U.S. Representative Young Kim (CA-40) urged for legislation from Congress to enact stronger sanctions and robust export controls following the Biden administration’s Executive Order restricting outbound investment into China.
Kim serves as Indo-Pacific Subcommittee Chairwoman and Vice Chairwoman of the Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions.
“While I am glad the Biden administration is acting to restrict U.S. investment of critical technologies developed in China, this Executive Order should not be treated as a silver bullet in countering the Chinese Communist Party’s hostility of the rules-based world order. Instead, we should be building on existing export control and sanctions authorities,” said Kim. “I will do my part in Congress to conduct oversight of the rulemaking process of this administration, and I am hopeful Congress can pass strong, bipartisan legislation that creates a smart approach to confront Xi Jinping’s regime head on by enacting stronger export controls and preventing American dollars from fueling the CCP’s military and surveillance technology behind their rising aggression.”
