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Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)

Shadow Hearing Held Amid Trump Housing Crisis, Cuts to Critical Housing Assistance Programs

“We cannot talk about closing the racial wealth gap or stabilizing families without talking about housing as what it is: our most important infrastructure.”

Pressley Opener + Question Line | Full Hearing

WASHINGTON –Today, Congresswoman Ayanna Pressley (MA-07), alongside Congresswomen Yassamin Ansari (AZ-03) and Ilhan Omar (MN-05) held theCongressional Progressive Caucus’ (CPC) Lowering Costs Taskforce’s first shadow hearing, titled “Building the New American Dream: Lowering Housing Costs for All.” The shadow hearing brought together housing experts and CPC Members to advance solutions to lower costs by building more affordable, public, and market-rate housing; cracking down on corporate and landlord greed; and expanding federal assistance for low-income families.

“We cannot talk about closing the racial wealth gap or stabilizing families without talking about housing as what it is: a human right and our most important infrastructure,” said Congresswoman Pressley in a statement. “My constituents in the Massachusetts 7^th aren’t asking for miracles—they are demanding the basic dignity of a safe, affordable, and stable home. It is past time our laws reflected that moral mandate. I’m grateful to Chair Casar, Deputy Chair Omar, and Congresswoman Ansari for their partnership on this important conversation and doing the work of housing justice.”

In her opening remarks, Congresswoman Pressley emphasized that housing is a critical social determinant and a racial, wealth, climate, and economic justice issue. She shared the story of Anthony, a constituent from Somerville who was forced to look for housing outside of Massachusetts due to the skyrocketing cost of rent, and called on Congress to act boldly to lower housing costs and affirm housing as the fundamental human right that it is.

In her questioning of witnesses, Congresswoman Pressley discussed the need to confront the policies that helped create the housing crisis in America—like exclusionary zoning, redlining, restrictive covenants, and land-use restrictions—which have made it difficult to build affordable housing and driven up prices for working families. Congresswoman Pressley also called for the passage of her Innovation Fund Act, which was included in the landmark ROAD to Housing Act and would reward communities that are taking innovative steps to increase housing supply.

A transcript of the Congresswoman’s opening remarks is available below and video is available here. For video of the entire hearing, click here.

Transcript: Pressley Co-Chairs Hearing on Housing Affordability, Demands Congress to Affirm Housing as a Human Right
Congressional Progressive Caucus Shadow Hearing
January 14, 2026

REP. PRESSLEY: Good afternoon, everyone. My name is Ayanna Pressley. I’m the Congresswoman who has the honor of representing the Massachusetts 7th Congressional District. This is a district that is vibrant, diverse, dynamic and deeply unequal, and that’s true across all outcomes, but including and especially when it comes to housing and health care outcomes.

In a three mile radius from Cambridge to Roxbury, life expectancy drops by 30 years. A three-mile radius from Cambridge, home to Harvard and MIT, to Roxbury, the Blackest part of my district. And median income drops by $50,000 again, that’s a three mile radius from Cambridge to Roxbury. 

The Federal Reserve of Boston. in fact, put out a Color of Wealth report, which cites that the average wealth for a Black Boston family is $8 whereas for a white family, it is $250,000. 

I believe these disparities have everything to do with housing, and certainly as a critical social determinant, this is a matter of health care justice as well. It is a racial justice issue, a climate justice issue, and, of course, an economic justice issue. 

I’m grateful to the Congressional Progressive Caucus, Chair Casar, Deputy Chair Omar and Lowering Costs Task Force Chair Ansari for convening this important conversation. When I initially reached out about this idea, the CPC jumped at the opportunity to make it happen. 

Congress can and must act boldly to lower housing costs and affirm housing as the fundamental human right that it is. 

In community, I hear from families every day who are being squeezed by skyrocketing rents, predatory corporate landlords, and a housing market that simply isn’t working for them. 

I’ll share one story. Anthony, he resides in Somerville in my district, and he wrote to my office that he has successfully operated a handyman business for eight years now. He earns about $5,000 per month. Despite consistent income and high demand for his services, he cannot afford to rent a studio apartment within ten miles of Boston. 

Local landlords commonly require tenants to earn about four times the monthly rent, meaning a $2,000 studio would require an income of $8,000 per month. This far exceeds what’s required in other states. 

As a result, he’s being forced to look for housing outside of Massachusetts. This crisis was not inevitable. It is the result of policy choices that favored corporate profits over people’s basic dignity. But the good news is we have the power to make different choices. 

I serve on the House Financial Services Committee and have been advocating for reforms and resources needed to build affordable housing, to fully fund programs and resources that keep people safely housed. 

Federal intervention can and should level the playing field for families who have been locked out of generational stability for far too long, and that includes investing in public and social housing. 

Public housing is not a relic. It’s a necessity. It’s a cornerstone of a just and inclusive economy. We cannot talk about closing the racial wealth gap or stabilizing families without talking about housing as what it is: our most important infrastructure. 

So today, we’re here from our esteemed panel of witnesses and will remain anchored in our shared truth everyone deserves safe, stable and affordable housing. 

—

As a Member of the Subcommittee on Housing and Insurance of the House Financial Services Committee (FSC), Rep. Pressley has fought for equitable and affordable housing policies and pushed back against the Trump administration’s cuts to vital housing programs. In December, Rep. Pressley convened local advocates and community partners to sound the alarm on the housing crisis created by Donald Trump.

Rep. Pressley has consistently advocated for policies that affirm housing as a human right and center the dignity and humanity of all people.

• In December 2025, Rep. Pressley underscored the need to support grandfamily and kinship households, which are vital to preventing homelessness and keeping families and communities whole.
• In November 2025, on National Housing Day, Rep. Pressley introduced the Appraisal Modernization Act, legislation to promote equity and combat systemic bias in the home appraisal process that has disadvantaged many current and aspiring homeowners—especially homeowners of color.
• In October 2025, Rep. Pressley introduced the Innovation Fund Act to establish a program to reward communities that are taking innovative steps to increase housing supply.
• In May 2025, Rep, Pressley, along with Representatives Delia C. Ramirez (IL-03), Rashida Tlaib (MI-12), Jimmy Gomez (CA-34), and Greg Casar (TX-35), reintroduced the Tenants’ Right to Organize Act, legislation to protect the power of tenants, including those with federal vouchers, to organize.
• In June 2024, Rep. Pressley, along with Representatives Maxine Waters (CA-43) and Rashida Tlaib (MI-12), re-introduced the Tenant Empowerment Act, bold legislation to strengthen HUD tenant protections and provide renters with the tools necessary to improve the quality of their homes.
• In March 2024, Rep. Pressley, along with Mayor Wu, visited Roxbury to celebrate the $1,000,000 in federal funding she secured to provide emergency childcare support for families experiencing homelessness in the City of Boston.
• In March 2024, Rep. Pressley, along with Senators Warren and Markey, applauded the final passage of $850,000 in federal community project funding for The Pryde, an affordable housing development for LGBTQ+ seniors in Hyde Park.
• In March 2024, Rep. Pressley urged Federal Reserve Chairman Jerome Powell to cut interest rates to boost home affordability and construction of affordable housing.
• In January 2024, Rep. Pressley, during a House Financial Services Committee Hearing, highlighted the growing housing crisis and how appraisal bias and discriminatory tenant screening practices exacerbate the racial wealth and homeownership gaps, especially for Black communities.
• In January 2024, Rep. Pressley celebrated the $2.4 million in federal funding she secured to support the community-led transformation of the Clarendon Hill housing community, an ethnically, linguistically and economically diverse neighborhood in Somerville.
• In December 2023, Rep. Pressley requested the Centers for Medicare and Medicaid Services (CMS) to provide data on housing needs for Medicaid beneficiaries and feedback on challenges the agency is having in covering housing support for people requiring home and community-based services (HCBS).
• In July 2023, Rep. Pressley, along with Chairwoman Rosa DeLauro (CT-03) and Congresswoman Cori Bush (MO-01), reintroduced the Housing Emergencies Lifeline Program (HELP) Act, critical legislation to provide much-needed assistance to those facing eviction amid the ongoing COVID-19 pandemic. 
• In June 2023, Rep. Pressley and Rep. Rashida Tlaib introduced the Housing for Formerly Incarcerated Reentry and Stable Tenancy (Housing FIRST) Act, bold legislation to help people who are formerly incarcerated and those with criminal histories access safe and stable housing.
• In September 2021, Rep. Pressley joined Rep. Bush and Senator Elizabeth Warren (D-MA) in introducing the Keeping Renters Safe Act of 2021 to enact an urgently needed nationwide eviction moratorium. 
• On July 2021, ahead of the expiration of the previous CDC eviction moratorium, Reps. Pressley, Bush, Gomez and their progressive colleagues sent a letter renewing their calls for President Biden and CDC Director Rochelle Walensky to extend the federal eviction moratorium and prevent the historic and deadly wave of evictions that would occur if the government failed to do so. 
• On July 30, 2021, Rep. Pressley joined House Financial Services Committee Chairwoman Maxine Waters (D-CA) in introducing the Protecting Renters from Evictions Act of 2021, legislation to extend the eviction moratorium through the end of the year. 
• In June 2021, Rep. Pressley, along with Reps. Gomez and Bush, led over 40 of their colleagues on a letter urging President Biden and CDC Director Walensky to extend and strengthen the moratorium for the duration of the public health crisis. 
• In June 2021, Congresswoman Pressley, along with Rep. Ilhan Omar (D-MN), re-introduced the Rent and Mortgage Cancellation Act, a bill to institute a nationwide cancellation of rents and home mortgage payments through the duration of the coronavirus pandemic.
• On May 18, 2021, Reps. Bush and Pressley sent a letter to the Director of the Centers for Disease Control and Prevention (CDC), calling on the CDC to strengthen and extend the federal moratorium on evictions, ensuring families can remain safely in their homes for the duration of the COVID-19 global health emergency.
• On July 28, 2020, Rep. Pressley, Rep. DeLauro and Sen. Harris introduced the Housing Emergencies Lifeline Program (HELP) Act to provide much-needed, layered assistance to those facing eviction amid the COVID-19 pandemic.
• On July 24, 2020, in a Financial Services Committee hearing, Rep. Pressley discussed the unprecedented financial cliff facing millions of renters and homeowners, the economic consequences of millions losing their homes, including the ability to return to work, and why funding for legal representation is so critical.
• On May 11, 2020, Reps. Tlaib, and Joe Neguse (D-CO) urge House and Senate leadership to include $11.5 billion in funding for Emergency Solutions Grants (ESG) in the next relief package to aid the nation’s homeless population who are experiencing heightened vulnerability during the COVID-19 pandemic.
• On April 10, 2020, Rep. Pressley urged Congressional leadership to prioritize recurring monthly cash payments to those most at-risk during the COVID-19 crisis. This funding would allow people to cover all their bills, including rent.
• On April 17, 2020, Reps. Pressley, Ilhan Omar (D-MN) and colleagues introduce the Rent and Mortgage Cancellation Act, a bill to institute a nationwide cancellation of rents and home mortgage payments through the duration of the coronavirus pandemic.

• On March 23, 2020, Reps. Pressley and Rashida Tlaib (D-MI) introduced the Public Health Emergency Shelter Act of 2020, legislation to provide critical funding to states and local governments responding to the needs of families and individuals experiencing homelessness during the COVID-19 crisis. This legislation was included and passed through the HEROES Act and H.R. 7301, the Emergency Housing Protections and Relief Act of 2020.
• On March 19, 2020, Rep. Pressley, along with progressive lawmakers and organizations, introduced the Housing is a Human Right Act to authorize more than $200 billion in federal spending over 10 years for crucial housing infrastructure and reduce homelessness.
• On March 18, 2020, Reps. Pressley, Katie Porter (D-CA) and Sens. Elizabeth Warren (D-MA), Bernie Sanders (I-VT) and Jeff Merkley (D-OR) wrote to HUD calling for a moratorium on evicting renters during the coronavirus pandemic.
• In July 2019, Rep. Pressley announced legislation that would prohibit the use of biometric recognition technology in most public and assisted housing units funded by the Department of Housing and Urban Development (HUD), protecting tenants from biased surveillance technology. 
• In November 2019, Rep. Pressley and Rep. Tlaib wrote to HUD blasting the agency for ignoring low-income tenants seeking to save their homes.

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Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)

“To the Trump administration, immigrants are numbers on a spreadsheet. To the people of Everett, they are our neighbors, our students, our coworkers, our loved ones…. Here, community is not just a word. It is a practice.”

“Let us govern with compassion. Let us lead with courage and hope that that courage is contagious. And let us keep showing up for all the people of Everett.”

EVERETT – Today, Congresswoman Ayanna Pressley (MA-07) delivered remarks at the City of Everett’s inaugural exercises. In her remarks, Congresswoman Pressley congratulated Everett Mayor Robert Van Campen, the Everett City Councilors, and the Everett School Committee Members, and applauded the strength of the Everett community, emphasizing the importance of partnership at the municipal, state, and federal level to deliver for communities across the Massachusetts 7^th.

The Congresswoman was joined at the ceremony by Mayor Van Campen, Governor Maura Healey, and state and local officials. Today, Rep. Pressley also attended the City of Boston’s inauguration event and the City of Chelsea’s swearing-in ceremony.

A full transcript of the Congresswoman’s remarks is available below and the video is available here.

Source: United States House of Representatives – Congressman John Rutherford (4th District of Florida)

WASHINGTON, D.C. – On Wednesday, U.S. Congressman John H. Rutherford (FL-05), member of the House Appropriations Committee, released the following statement on the House passage of the Fiscal Year 2026 Financial Services and General Government and National Security, Department of State, and Related Programs Appropriations Act:

“We must protect the American taxpayer, advance government efficiency, strengthen national security, and promote America First priorities,” said Rutherford. “That’s why I was proud to vote yes on this bill to deliver strength abroad, security at home, a smarter government, and stronger financial security for the American people.”

“This bill cuts billions in spending, delivering real wins and savings for Americans. It also brings a lot of great wins for Northeast Florida, including funding for the Community Development Financial Institutions (CDFI) fund to support entrepreneurship and small businesses in our area and the High Intensity Drug Trafficking Area (HIDTA) program to stop the flow of dangerous illegal drugs into our communities. As an honorary Rotarian, I am proud this bill maintains funding to fight for global eradication of polio and against AIDS, tuberculosis, and malaria worldwide.”

Included in this legislation are Rutherford’s priorities to:

• Realign funding to national security priorities while eliminating $9.3 billion in wasteful spending, restoring fiscal discipline and accountability

• Implement President Trump’s priorities, including his “Make America Safe Again” agenda 

• Fortify safeguards and bolster cybersecurity to stop terrorists, criminals, and hostile actors from exploiting the U.S. financial system

• Protect Americans from deadly drugs like fentanyl and combat human trafficking in Latin American by investing in the International Narcotics Control and Law Enforcement

• Restore American strength and deterrence, reasserting peace through strength and ending Biden-era weakness on the world stage

• Protect American innovation and scrutinize foreign investments through the Committee on Foreign Investment in the United States (CFIUS) 

• Force accountability at the United Nations 

• Eliminate DEI, woke programming, Green New Deal mandates, and divisive gender ideology provisions that undermine core agency missions

• Stand by our allies, including Israel, Jordan, Egypt, and Taiwan

• Protect Christian communities from religious persecution by restricting funding to Nigeria

• Uphold American values, protect free speech, and preserve longstanding pro-life protections

Learn more here.

Source: United States House of Representatives – Congresswoman Lois Frankel (FL-21)

Today, Rep. Frankel (FL-22), Ranking Member (lead Democrat) of the National Security, Department of State, and Related Programs Appropriations Subcommittee, released the following statement after the House passed the subcommittee’s budget bill for Fiscal Year 2026.

“At a time of global uncertainty, it is critical that we face the world with a unified front. This bipartisan bill puts American leadership front and center,” said Rep. Frankel. “The legislation invests in diplomacy, development, and humanitarian assistance to keep our country safer, more secure, and more prosperous—while reaffirming Congress’s power of the purse.”

The package includes numerous priorities Rep. Frankel fought to include. Specifically, the bill: 

• Fully funds our annual dues to the United Nations, maintaining U.S. leadership and participation in international organizations.
• Preserves international development and economic resilience funding.
• Protects humanitarian assistance to respond to natural disasters and conflict.
• Includes funding for Women, Peace, and Security programs, women’s economic empowerment programs, and women’s leadership initiatives.
• Funds International Basic Education to ensure children in poverty or displaced by conflict can access opportunity rather than extremism.
• Funds agencies DOGE attempted to eliminate like the Inter-American Foundation, U.S. African Development Foundation, and the U.S. Institute of Peace.
• Funds international family planning efforts, including a U.S. contribution to UNFPA.
• Supports our strategic alliances with Israel, Jordan, and Taiwan.
• Funds efforts to secure a lasting peace in the Middle East, including for the Nita Lowey Middle East Partnership for Peace Fund and the implementation of  the Abraham Accords.
• Includes funding to fight antisemitism and Holocaust denial worldwide – through the Special Envoy to Monitor and Combat Antisemitism, the Special Envoy on Holocaust Issues, and reporting requirements on efforts to combat antisemitism on social media and AI platforms.

Source: United States House of Representatives – Congressman Joaquin Castro (20th District of Texas)

Source: United States House of Representatives – Congressman Dan Newhouse (4th District of Washington)

Headline: Newhouse Votes for National Security, Spending Reductions in Funding Package

WASHINGTON, D.C. – Today, Rep. Dan Newhouse (WA-04) released the following statement upon House passage of H.R. 7006, the National Security and Department of State, and Financial Services and General Government Appropriations Act of 2026. 

“This government funding package invests in some of our most important national security interests while cutting overall spending by over nine billion dollars,” said Rep. Newhouse. “In this legislation, we refocused tax dollars on our domestic security, prioritizing threats by Communist China, the illegal flow of fentanyl from South America, and terror groups who look to do us harm. In the Financial Services funding bill, we fully funded the Committee on Foreign Investment in the United States as we work to expand its authority to protect American farmland and our natural resources.”  

“I thank Chairman Cole, and Subcommittee Chairs Diaz-Balart and Joyce, for their hard work in getting these funding bills through committee, to the floor, and now on the way to the Senate.” 

NATIONAL SECURITY, DEPARTMENT OF STATE, AND RELATED PROGRAMS APPROPRIATIONS ACT, 2026 

The National Security, Department of State, and Related Programs (NSRP) Appropriations Act provides a total discretionary allocation of $50.014 billion, a nearly $9.3 billion or 16 percent cut below the Fiscal Year 2025 enacted level. Even with the reduction in spending, the NSRP bill maintains robust funding for our allies like Israel, Jordan, Egypt, and Taiwan, and counters adversaries like the Communist People’s Republic of China (PRC), Iran, Cuba, and drug cartels. 

Key Takeaways 

Bolsters U.S. national security by: 

• Creating the America First Opportunity Fund to ensure the Secretary of State has the flexibility to quickly respond to unforeseen opportunities in an effort to advance the America First foreign policy agenda.
• Prioritizing funding and policies to combat the flow of fentanyl and other illicit drugs into the United States to help save American lives.
• Requiring the Secretary of State to consider a country’s United Nations voting record and support for Taiwan’s observer status when determining how assistance is allocated.
• Enhancing oversight and transparency requirements to ensure American taxpayer funds are not used by ineffective or fraudulent organizations, such as administering double-digit cuts for the United Nations while providing the Secretary of State with new leverage to strengthen reform efforts.

Boosts programs that support everyday Americans and reflect American values by: 

• Increasing support for religious freedom programs and demanding religious freedom protections for faith-based organizations, as well as holding foreign governments accountable for their persecution of people of faith.
• Providing robust support and Foreign Military Financing for Israel and Taiwan, as well as assistance to Egypt and Jordan, two key U.S. security partners.
• Providing $1.8 billion for United States national security interests in the Indo-Pacific and fully funding the Countering PRC Influence Fund at $400 million.
• Consolidating and reducing the number of accounts to facilitate efficient, strategic allocation of funds for programs that support United States national security interests.

Bill Highlights 

Department of State and Related Agencies: Provides $16.6 billion for the operations of the Department of State and several related agencies and commissions. 

Bilateral Economic Assistance: Provides $23.35 billion for global health, national security investment programs, and humanitarian programs administered by the Department of State and the Department of the Treasury. 

International Security Assistance: Provides $8.9 billion for Department of State security assistance. 

• Maintains the current level of $1.4 billion for International Narcotics Control and Law Enforcement, including increased funding to counter fentanyl.
• Maintains the current level of $870 million for Nonproliferation, Anti-terrorism, Demining, and Related Programs.
• Increases Foreign Military Financing Program to $6.2 billion, including: $3.3 billion for assistance for Israel, $300 million for assistance for Taiwan, and $100 million for assistance for the Philippines.

FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS ACT, 2026 

The Financial Services and General Government Appropriations Act provides a total discretionary allocation of $26.5 billion. The defense portion of the allocation is $45 million, and the non-defense portion of the allocation is $26.3 billion.

Key Takeaways 

Drives economic growth, supports U.S. financial systems, and invests in technology innovation: 

• Modernizes the Internal Revenue Service to reduce tax fraud.
• Supports small business development.
• Strengthens government-wide cybersecurity and information technology upgrades.
• Delivers targeted funding to support American leadership as the United States hosts the G-20 Summit.

Bolsters U.S. National Security and Border Protections:  

• Fully funding the Committee on Foreign Investment in the United States to ensure it has the tools to adequately scrutinize foreign investment by countries like China.
• Enhances funding for Treasury’s Office of Terrorism and Financial Intelligence to strengthen efforts to prevent and deter terrorists, criminals, and other bad actors from using the financial system.
• Invests in the High Intensity Drug Trafficking Area Program to strengthen interdiction efforts and stop narcotics from entering our borders and communities.

Bill Highlights 

Committee on Foreign Investment in the United States (CFIUS): $21 Billion 

Office of Terrorism and Financial Intelligence: 238 million  

Community Development Financial Institutions Fund: $324 million 

High Intensity Drug Trafficking Areas: $299 million 

Office of Management and Budget: $129 million   

Small Business Administration: $1 billion 

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Source: United States House of Representatives – Congressman Dan Newhouse (4th District of Washington)

Headline: Newhouse Introduces Legislation to Protect Public Lands from Foreign Adversaries

WASHINGTON, D.C. – Today, Rep. Dan Newhouse (WA-04) introduced the Keeping Public Lands Out of Adversarial Hands Act to add the United States Secretary of the Interior to the Committee on Foreign Investment in the United States (CFIUS).  

“Last summer, we were successful in adding the Secretary of Agriculture to the Committee on Foreign Investment in the United States to counter Communist China’s efforts to purchase American farmland. Today, I am taking the next step to protect American land by introducing legislation to add the U.S. Secretary of the Interior to CFIUS,” said Rep. Newhouse.  

Newhouse added, “In this role, the Secretary and the Department of the Interior will have the authority to review foreign investment into lands near public land across the country and help identify potential national security threats to the valuable natural resources we have right under our feet. Our adversaries like the CCP, North Korea, Russia, and Iran have no business owning these lands, and we need to seize every opportunity to ensure they never do.” 

Rep. Newhouse was joined by Reps. Jeff Hurd (CO-03), John Rose (TN-06), Ashley Hinson (IA-02), and Mike Ezell (MS-04) as cosponsors of the legislation.  

This legislation adds the Secretary of the Interior to CFIUS to review transactions for land or resources adjacent to land or sites owned or managed by the Bureau of Land Management, the Bureau of Reclamation, the Bureau of Indian Affairs, the National Park Service, the U.S. Fish and Wildlife Service, and the Bureau of Ocean Energy Management. 

Background 

In July 2025, a Memorandum of Understanding between the Department of the Treasury and the Department of Agriculture was signed, implementing a provision Rep. Newhouse secured in the Fiscal Year 2024 Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations bill to add the Secretary of Agriculture to CFIUS.

See full bill text here.  

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Source: United States House of Representatives – Congresswoman Pramila Jayapal (7th District of Washington)

Source: United States House of Representatives – Congressman Scott Perry (PA-10)

Washington, D.C. – Congressman Scott Perry (PA-10) introduced his Divesting from Communist China’s Military Act to tighten sanctions on Chinese military companies operating in the U.S. and undermining and threatening American prosperity. Senator Rick Scott (R-FL) is introducing companion legislation in the U.S. Senate.

“Our greatest enemy should never have access to, nor benefit from, our capital markets or military procurement process in any way; it’s ludicrous, and shouldn’t even have required legislation, but it does,” said Rep. Perry. “I’m happy to join forces with Senator Scott to get this through Congress, to the President’s desk, and stop this insanity once and for all.”

Senator Rick Scott said, “Communist China and Xi Jinping have shown time and again that they are our enemy, and American investments should not be used to support them in their attempt to destroy our way of life. For too long, Chinese companies have been given free rein to lie, cheat, and circumvent U.S. regulations intended to keep American investors safe and American dollars out of the hands of companies, like those associated with the Chinese military, bent on ruining our economy and our country. This bill is a commonsense effort to keep Americans’ money out of the hands of our enemies.”  

The Act mandates full parity between the U.S. Treasury’s Non-Specially Designated Nationals (SDN), Chinese Military-Industrial Complex Companies (NS-CMIC) List (bars Chinese Communist Party companies from accessing American capital markets), and the Department of War’s 1260H list (annual list of Chinese military companies that operate directly/indirectly in the U.S.).

The 1260H CMIC list faces a procurement prohibition beginning on June 30, 2026. Allowing these companies to benefit from American capital runs counter to American interests. This critical legislation aligns the two lists, strengthening our sanctions regime.

Read the bill text HERE. 

Source: United States House of Representatives – Congressman Glenn Grothman (R-Glenbeulah 6th District Wisconsin)

ICYMI: Rep. Grothman at RSC & VAT Panel Calls for Ending Marriage Penalties and Strengthening Families