by Mitch Kokai
Senior Political Analyst, John Locke Foundation
The Congressional China Task Force unveiled a legislative proposal Wednesday to cripple China’s military industrial base by blacklisting any company tied to Chinese armed forces.
After months of closed-door interviews with policymakers, experts, and military officials, the task force presented multiple proposals, including a boycott of companies known to aid China’s military. The goal is to economically isolate the People’s Liberation Army (PLA), one of the primary instruments of China’s expanding influence.
The report also calls for major increases to the U.S. defense budget to “modernize our nuclear triad and conventional weapons, [and] develop cutting-edge capabilities to counter China in space and cyberspace,” Rep. Liz Cheney (R., Wyo.), the China Task Force’s deputy chair, told the Washington Free Beacon.
Lawmakers and congressional sources told the Free Beacon the task force’s findings should serve as a wake-up call for the American public about the pressing threat China poses.
The report includes nearly 200 legislative proposals that officials hope will undermine China’s growing military and ensure the United States has the resources for any potential conflict. The task force, which Congressional Democrats boycotted and labeled a “distraction,” hopes the report will serve as a template for GOP leaders as they push a range of policies meant to undermine China.
Rep. Michael McCaul (R., Texas), the China Task Force’s lead member, said financial blacklists would force American companies to divest from China’s military and its supporting industries.
“We shouldn’t be using our capital to support companies that are building weapons aimed at the United States,” McCaul told the Free Beacon. “As an investor, is it a good long-term strategy to invest in these types of companies when they have a very high potential to come under U.S. government sanctions in the future?”