WASHINGTON, D.C. – Today, Senator Rick Scott released the following statement following a call with Gary Gensler, Chair of the Securities and Exchange Commission (SEC). This meeting follows Senator Scott’s February 24^th letter to Chair Gensler urging him to address the threats posed by Communist Chinese-controlled companies operating on U.S. exchanges to American investors and U.S. markets.

Senator Rick Scott said, “I want to thank Chair Gensler for quickly agreeing to discuss the SEC’s action to protect American investors against threats posed by Communist Chinese-controlled companies operating on U.S. exchanges. These companies, which are predominantly controlled by the Chinese Communist Party, refuse to play by the same rules, regulations and transparency standards as every other company on our exchanges. There is no reason we should allow them to be listed our exchanges and exploit our investors, who currently have no recourse. Just as the world has responded to Russia’s aggression in Ukraine by cutting Putin off from global markets, we should be prepared to do the same should Communist China invade Taiwan. These two evil regimes share the same goal: world domination and the destruction of democracy around the globe. This is something we cannot ignore and must be ready to punish. Chair Gensler and I had a productive conversation and discussed how the SEC is currently implementing the Holding Foreign Companies Accountable Act, which I was proud to cosponsor. I look forward to working together to ensure Americans’ hard-earned dollars are kept safe and free from the exploitation of Communist China.”

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