US Lawmakers Urge SEC to Delist CCP-Linked Companies

These companies ‘are instruments of the Chinese Communist Party’s broader strategy to undermine U.S. interests,' Rep. John Moolenaar said.

The U.S. Securities and Exchange Commission building in Washington on Dec. 2, 2024. Madalina Vasiliu/The Epoch Times

A group of Republican lawmakers is asking the U.S. Securities and Exchange Commission (SEC) to delist some Chinese companies, including the Chinese low-cost online retailer Temu’s owner PDD Holdings, saying that their ties to the Chinese Communist Party (CCP) put U.S. national security at risk.

Led by Rep. John Moolenaar (R-Mich.), chairman of the House Select Committee on the CCP, and Sen. Rick Scott (R-Fla.), chairman of the Senate Special Committee on Aging, the lawmakers sent a letter to SEC Chairman Paul Atkins on May 2, naming 20 Chinese companies that his agency should start delisting.