The House Select Committee on the Chinese Communist Party (CCP) has urged the treasury secretary to implement President Joe Biden’s executive order on outbound U.S. investment restrictions in key technology areas in China. In a letter dated Oct. 30 to Treasury Secretary Janet Yellen, Reps. Mike Gallagher (R-Wis.), and Raja Krishnamoorthi (D-Ill.), made a number of recommendations needed to prevent American capital from flowing into restricted Chinese firms. “As Treasury deliberates on the definitions and scope to be issued in these guidelines, the Chinese Communist Party (CCP) is developing advanced technologies, with the help of American capital and know-how,” they said in the letter, urging Ms. Yellen to issue rules and guidelines so that U.S. firms can be aware of what investment restrictions to avoid....Read more https://www.theepochtimes.com/us/house-committee-calls-on-yellen-to-accelerate-investment-restrictions-on-ccp-linked-firms-5521157