Alabama Moves to Block Investments in Chinese Firms
Submitted by MAGA
Posted 1 day ago
Legislation aimed at curbing state investments in Communist Chinese firms is progressing in Alabama, a move celebrated by those prioritizing national security.
State Senator Andrew Jones (R-Centre) has introduced a bill designed to limit the Alabama Retirement Systems of Alabama (RSA) from investing in specific Chinese companies linked to military operations and human rights violations.
This initiative is vital, particularly in light of ongoing tensions between the U.S. and China. The bill seeks to enforce restrictions based on federal executive orders aimed at addressing the identified national emergency posed by investments in Chinese military companies.
Jones expressed the importance of this legislation, emphasizing that it would ensure RSA complies with federal mandates.
"We’re out of committee and ready for the floor," he stated. "This prohibited list includes Chinese military entities and those that violate human rights. These are not just standard companies; they are bad actors. We do not need Alabama’s resources supporting them."
The bill has already passed the Senate Veterans and Military Affairs Committee and is waiting for a full Senate vote. Advocates argue that prompt action is essential, asserting this bill represents not just a potential financial strategy but a crucial step towards safeguarding national interests.
Christopher Holton, a senior analyst with the Center for Security Policy, highlighted the need for legislative transparency, urging Senate leadership to give the bill a “fair hearing”.
He remarked, “It’s essential that the representatives of the people vote on this thoughtfully authored legislation. When a bill goes through due process but ends up stalled by outside influences, it undermines the integrity of our democratic system.”
RSA CEO David Bronner, however, has expressed skepticism, arguing that the organization already does not have direct investments in Chinese entities and warns against politicizing financial decisions. He concerns that today’s focus on China could lead to arbitrary restrictions affecting various sectors in the future.
Nonetheless, proponents of the bill contend that addressing issues related to investments in regimes that threaten American interests is necessary.
With global power dynamics shifting, such proactive steps in state legislation reflect a broader trend towards accountability and integrity in financial practices related to international adversaries.
As the Senate prepares for further deliberations, the future of this bill may set significant precedents for how states approach investments and national security in the face of growing threats.
Sources:
centerforsecuritypolicy.org
rumble.com
rpwmedia.com
State Senator Andrew Jones (R-Centre) has introduced a bill designed to limit the Alabama Retirement Systems of Alabama (RSA) from investing in specific Chinese companies linked to military operations and human rights violations.
This initiative is vital, particularly in light of ongoing tensions between the U.S. and China. The bill seeks to enforce restrictions based on federal executive orders aimed at addressing the identified national emergency posed by investments in Chinese military companies.
Jones expressed the importance of this legislation, emphasizing that it would ensure RSA complies with federal mandates.
"We’re out of committee and ready for the floor," he stated. "This prohibited list includes Chinese military entities and those that violate human rights. These are not just standard companies; they are bad actors. We do not need Alabama’s resources supporting them."
The bill has already passed the Senate Veterans and Military Affairs Committee and is waiting for a full Senate vote. Advocates argue that prompt action is essential, asserting this bill represents not just a potential financial strategy but a crucial step towards safeguarding national interests.
Christopher Holton, a senior analyst with the Center for Security Policy, highlighted the need for legislative transparency, urging Senate leadership to give the bill a “fair hearing”.
He remarked, “It’s essential that the representatives of the people vote on this thoughtfully authored legislation. When a bill goes through due process but ends up stalled by outside influences, it undermines the integrity of our democratic system.”
RSA CEO David Bronner, however, has expressed skepticism, arguing that the organization already does not have direct investments in Chinese entities and warns against politicizing financial decisions. He concerns that today’s focus on China could lead to arbitrary restrictions affecting various sectors in the future.
Nonetheless, proponents of the bill contend that addressing issues related to investments in regimes that threaten American interests is necessary.
With global power dynamics shifting, such proactive steps in state legislation reflect a broader trend towards accountability and integrity in financial practices related to international adversaries.
As the Senate prepares for further deliberations, the future of this bill may set significant precedents for how states approach investments and national security in the face of growing threats.
Sources:
centerforsecuritypolicy.org
rumble.com
rpwmedia.com
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