U.S. lawmaker urges Trump administration to seek tougher rules for Chinese companies
, when China’s Luckin Coffee, which trades on the Nasdaq, said employees fabricated millions of dollars in sales.
Pressure is also mounting from Congress, with the Republican-led Senate passing a bill that if signed into law would bar any foreign company from listing its shares on any U.S. securities exchange if it has failed to comply with the PCAOB’s audits for three consecutive years. Rubio has said he is preparing a bill to ban Chinese companies from U.S. capital markets if they engage in spying, human rights abuse or support China’s military.
In the letter, Rubio also urged the officials to recommend bolstering legal options for U.S. investors defrauded by Chinese companies. Our Morning Update and Evening Update newsletters are written by Globe editors, giving you a concise summary of the day’s most important headlines.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Democratic attorney generals sue to stop rule revoking transgender protections in health careTrump Administration pushed ahead with the rule change even after a Supreme Court ruling last month barring workplace sex discrimination against LGBT people
Read more »
Activists urge Canada to recognize Uyghur abuses as genocide, impose sanctions on Chinese officialsFormer Liberal justice minister Irwin Cotler was among witnesses who detailed China’s treatment of Uyghurs during a hearing before the House of Commons human-rights subcommittee Monday
Read more »
U.S. sanctions Chinese companies over Muslim abuse complaintsThe U.S. government has imposed trade sanctions on 11 companies it says are implicated in human rights abuses in China's Muslim northwestern region of Xinjiang.
Read more »
U.S. sanctions Chinese companies over Muslim abuse complaintsThe U.S. government has imposed trade sanctions on 11 companies it says are implicated in human rights abuses in China's Muslim northwestern region of Xinjiang.
Read more »
Jennifer Aniston Shares Friend's Frightening Coronavirus Ordeal'This is real,' wrote 'The Morning Show' star said as she continued to urge mask-wearing.
Read more »