AMAC Supports Bill to Place Temporary Restrictions on Acquisitions by the People’s Republic of China

AMAC Supports H.R. 6706 that wisely addresses Chinese exploitation of the pandemic by restricting their ability to purchase interests in companies that are vital to US national security as described in the Defense Production Act, and sensibly expands this description to include industries such as media outlets, energy companies and agricultural interests.

May 12, 2020

The Honorable Jim Banks

3rd Congressional District of Indiana

1713 Longworth House Office Building

Washington, DC 20515

Dear Congressman Banks,

On behalf of the 2.1 million members of AMAC – Association of Mature American Citizens, including over 7100 residing in IN-03, I write to offer our support for H.R. 6706, a bill to place temporary restrictions on acquisitions by the People’s Republic of China.

During the current COVID-19 pandemic, the communist Chinese government has demonstrated its duplicity by taking no responsibility for the spread of the coronavirus and the resulting economic havoc it has wreaked. From manipulating the World Health Organization’s response to the coronavirus, to allowing Chinese nationals to travel throughout the world after its detection, to blaming the virus on America, China has proven to be no friend to the United States.

AMAC members are demanding that China be held accountable for this crisis and your bill is certainly a good first step. H.R. 6706 wisely addresses Chinese exploitation of the pandemic by restricting their ability to purchase interests in companies that are vital to US national security as described in the Defense Production Act, and sensibly expands this description to include industries such as media outlets, energy companies and agricultural interests.

The sunsetting of H.R. 6706 is prudently left to the discretion of the President to ensure the United States’ economic recovery from the coronavirus pandemic is substantial and complete.

Thank you, Congressman Banks, for protecting America from the predatory investment tactics of a communist government with questionable motives and one proven to be untrustworthy. AMAC salutes your efforts during this vulnerable time in our history and is pleased to offer our organization’s full support for H.R. 6706.

Sincerely,
Bob Carlstrom President, AMAC Action