Press Release
National Center for Public Policy Research Free Enterprise Project (FEP)
Washington, D.C. — The National Center for Public Policy Research is pressing major banks and utilities for answers about their exposure to Communist China-made equipment in the U.S. electric grid following President Donald Trump’s declaration of a national emergency over foreign threats to the nation’s bulk-power system.
Through its shareholder advocacy arm, the Free Enterprise Project (FEP), the National Center is sending letters to companies that may be involved in the purchase, financing, use or replacement of foreign-made bulk-power equipment, asking them to explain how they intend to comply with the President’s August 26 Executive Order.
The order identifies foreign-produced bulk-power equipment as a potential national security and supply-chain vulnerability and directs the federal government to identify, isolate, monitor or replace equipment that poses unacceptable risks.
“The President has declared a national emergency. Corporate America needs to explain what it is doing about it,” said FEP Executive Director Steve Milloy. “Banks and utilities cannot afford to wait until a national-security vulnerability becomes a national-security crisis.”
