Washington, D.C. – Senator Tom Cotton (R-Arkansas) today introduced an amendment to the HEALS Act that would prohibit any funds in the HEALS Act-or residual CARES Act funds-from supporting any entity that is under Chinese ownership, control, or influence. The legislation also mandates that the Secretary of the Treasury claw back CARES Act funds provided to Chinese firms. The amendment comes in response to reports that Chinese-owned companies received PPP funding from the CARES Act passed earlier this year.
“China unleashed this plague on the world and they must be held accountable-not given a cash bonus by the American government. My amendment would ensure all coronavirus relief funds stay right here in the United States where they’re needed the most,” said Cotton.
Original article source: http://www.cotton.senate.gov?p=press_release&id=1404 | Article may or may not reflect the views of KLEK 102.5 FM or The Voice of Arkansas Minority Advocacy Council