GOP Senators Introduce Bill to Boost Transparency on US Spending in China

‘We know that Communist China does its best to hide the finances of its government and businesses from Americans.’

Sen. Rick Scott (R-Fla.) speaks during a news conference at the U.S. Capitol Building in Washington on Jan. 25, 2023. Senate Republicans held the news conference to discuss the ongoing negotiations between the House, Senate, and White House over the national debt ceiling. Anna Moneymaker/Getty Images

Sens. Rick Scott (R-Fla.), Ted Budd (R-N.C.), and Mike Braun (R-Ind.) introduced legislation on Jan. 11 that calls for increased transparency from the federal government regarding funds flowing to companies in China.

The bill, titled “Our Money in China Transparency Act,” requires the Office of Management and Budget and other agencies to submit annual, detailed reports regarding taxpayers’ money spent on any federal program, project, or activity related to institutions or entities associated with the Chinese regime.