A group of Republican lawmakers is urging Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), to investigate Chinese companies listed on U.S. stock exchanges after “billions of dollars were snatched” from U.S. investors following a crackdown on firms by officials in China.
Sens. John Kennedy (R-La.), Dan Sullivan (R-Alaska), Marsha Blackburn (R-Tenn.), Tom Cotton (R-Ark.), Kevin Cramer (R-N.D.), Bill Hagerty (R-Tenn.), and Rick Scott (R-Fla.) sent a letter (pdf) to Gensler on July 28, referring to a situation involving Chinese vehicle-for-hire company Didi.
