Congress

Lawmakers Warn of China’s Financial Threats to US Retiree Savings

Chinese criminal networks are increasingly targeting older Americans with sophisticated scams, lawmakers and experts say.
Lawmakers Warn of China’s Financial Threats to US Retiree Savings
Kevin O'Leary, chairman of O'Leary Ventures, speaks before a Senate Committee on Aging and House Select Committee on the Chinese Communist Party joint hearing in Washington on April 9, 2025. Andrew Harnik/Getty Images
Emel Akan
Emel Akan
Reporter
|Updated:
0:00

WASHINGTON—In a rare display of bipartisan unity, lawmakers from both the House and Senate came together for a joint hearing on April 9 to address the pressing need to protect American retirement savings from China’s predatory practices.

Lawmakers and experts expressed concerns over the rising financial aggression from China, including sophisticated scams run by Chinese gangs that disproportionately target elderly Americans and threaten U.S. national security.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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