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Time of India
3 days ago
- Business
- Time of India
US lawmaker question top US universities over Chinese nationals in sensitive STEM research
Chairman John Moolenaar of the House Select Committee on China has sent a letter to the leaders of Carnegie Mellon, Purdue University, Stanford University, the University of Illinois, the University of Maryland, and the University of Southern California, asking for details about their policies and practices related to the enrollment of Chinese national students in advanced STEM programs and their engagement in federally funded research, as reported by the Select Committee on the Chinese Communist Party (SCCCP). The letter underscores the growing dangers associated with China's deliberate attempts to leverage American universities for technological and military gains. Intelligence officials have indicated that American campuses are vulnerable targets for espionage and intellectual property theft; however, prestigious universities continue to enroll significant numbers of Chinese nationals in crucial research programs, prioritising financial gain over the long-term national security and education of American students in vital fields, as stated in the SCCCP release. Also Read: Turbulence ahead: Elon Musk exits from DOGE, but now trouble awaits him at Tesla, SpaceX, and X "The Chinese Communist Party has established a well-documented, systematic pipeline to embed researchers in leading US institutions, providing them direct exposure to sensitive technologies with dual-use military applications," said Chairman Moolenaar. Live Events "America's student visa system has become a Trojan horse for Beijing, providing unrestricted access to our top research institutions and posing a direct threat to our national security. If left unaddressed, this trend will continue to displace American talent, compromise research integrity, and fuel China's technological ambitions at our expense," as quoted by the SCCCP release. "The United States is at a dangerous crossroads where the pursuit of short-term financial gains by academic institutions jeopardises long-term global technological leadership and national security. Our nation's universities, long regarded as the global standard for excellence and innovation, are increasingly used as conduits for foreign adversaries to illegally gain access to critical research and advanced technology. Nonetheless, too many US universities continue to prioritise financial incentives over the education of American students, domestic workforce development and national security," he said. Also read: TACO Trump: Jimmy Kimmel brutally trolls President on his show, asks 'How does it feel?' "They do so by admitting large numbers of Chinese nationals into advanced STEM programs, potentially at the expense of qualified Americans. Accordingly, we write to request information regarding your university's policies and oversight mechanisms concerning the enrollment of Chinese national undergraduate, graduate, and PhD students, their involvement in federally funded research, and the security of sensitive technologies developed on campus," the release said. The House Select Committee on the CCP will persist in examining how US educational institutions might be aiding the CCP's worldwide objectives and will seek policy measures to protect American technological supremacy, the announcement stated. Economic Times WhatsApp channel )
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Business Standard
21-04-2025
- Business
- Business Standard
US lawmakers urge JPMorgan, BofA to withdraw from CATL IPO over CCP ties
JPMorgan Chase & Co. CEO Jamie Dimon and Bank of America CEO Brian Moynihan on Thursday received a letter from John Moolenaar, chairman of the United States House Select Committee on Chinese Communist Party (SCCCP), requesting that the banks drop their participation in Contemporary Amperex Technology Co., Limited's (CATL) impending Hong Kong IPO. The Department of Defense has classified CATL as a "Chinese military company" in accordance with Section 1260H of the National Defense Authorisation Act, according to a report by SCCCP. According to the letters, there is rising concern that JPMorgan and Bank of America's participation in the CATL IPO directly supports the Chinese Communist Party's continued violations of human rights and military buildup. SCCCP said that the Committee specifically points to CATL's involvement in the modernisation of China's submarine fleet with cutting-edge lithium-ion batteries and its connections to the Xinjiang Production and Construction Corps (XPCC), a sanctioned paramilitary group implicated in the extermination of Uyghur Muslims. "If JPMorgan and Bank of America proceed with this IPO, they risk complicity in underwriting genocide, undermining American industry, and endangering US service members," said Chairman Moolenaar. "The letters outline serious national security threats and due diligence failures. The company's reported aggressive pursuit of the CATL deal, despite its low fee structure and their defence ties, adds to concerns over risk and regulatory oversight. As Chairman, I am closely monitoring how major financial institutions engage with companies linked to the Chinese Communist Party. The House Select Committee on China is actively examining these relationships, and we urge JPMorgan and Bank of America to prioritise national security and human rights in their decision-making," the letter stated, as quoted by SCCCP in a report. The CCP's recent military actions close to Taiwan have previously drawn criticism from the US House Select Committee on Chinese Communist Party (SCCCP), which described them as "intimidation aimed at subjugating a free and democratic society." An SCCCP post on X said the escalation was another example of the CCP's growing hostility and underscored the urgent need for "our democratic ally" to have the capacity and support to defend itself.
