Communism

Political parties

Bipartisan Committee Seeks Assurances from PayPal on Compliance with U.S. Anti-Money Laundering Laws in Chinese Payment System Integration

U.S. lawmakers are putting PayPal on notice, seeking assurances that the company will fully comply with U.S. anti-money laundering laws in its new integration with a Chinese payment system. Rep. Raja Krishnamoorthi, D-Illinois, and Chairman John Moolenaar, R-Michigan, sent a bipartisan inquiry to PayPal CEO Alex Chriss, highlighting

Political parties

Fetterman and McCormick Introduce Legislation to Protect US Economic Security from PRC Financial Firms

Senators John Fetterman (D-PA) and Dave McCormick (R-PA) have introduced S. 2552, the PRC Broker-Dealers and Investment Advisers Moratorium Act, aimed at protecting Pennsylvanians, US markets, and national economic security from Chinese Communist Party (CCP)-linked firms. The legislation responds to growing concerns over the unequal regulatory landscape between the