Press Release
National Center for Public Policy Research Free Enterprise Project (FEP)
Washington, D.C. — Companies doing business in China should disclose supply-chain risks associated with a potential abrupt break in U.S.-China relations, argues a new petition submitted to the U.S. Securities and Exchange Commission (SEC) by the National Center for Public Policy Research.
“We are submitting this petition because U.S. companies have become inextricably entangled and reliant on Communist China, particularly with respect to their supply chains. As a result, the United States as a whole, especially its economy and standard of living, has become similarly entangled and reliant on Communist China,” the petition reads.
The petition requests that the SEC issue guidance to publicly-owned companies about their need to disclose these risks, noting that “issuers, investors and government officials cannot afford to bury their heads in the sand about worst-case supply chain risks with Communist China.”
China “has, by design, become a key supplier of many raw and processed materials and finished goods that are vital to our economy and society,” including critical minerals, pharmaceuticals, electronics, lithium-ion batteries, machinery and consumer goods, and has already begun implementing export controls
