Conservative Action Project

April 22, 2025
Washington, D.C.

In May 2013, then-Vice President Joe Biden helped engineer a Memorandum of Understanding between agencies of the U.S. and Chinese governments that allowed PRC companies access to American capital markets not enjoyed by our companies or those of any other country. That was a monumental strategic error and has put our nation and people needlessly at risk.

As a result of not having to comply with our laws and regulations designed to protect investors, Chinese companies, even military ones, could – and did – tap into trillions of dollars from mostly unwitting American investors’ pension funds, 401(k) plans, college savings, mutual funds and other investment vehicles.

In short, we have provided the Chinese Communist Party with money used to pursue its stated ambition to destroy this country. At the moment, the CCP seems perilously close to initiating a shooting war for that purpose.

The good news is that President Trump recently unveiled an “America First Investment Policy” to end and replace the China First one Wall Street prefers. The bad news is that four major U.S. investment banks – J.P. Morgan, Bank of America, Morgan Stanley and Goldman Sachs – are trying to subvert the new policy by helping a Chinese military company known as CATL raise at least $7.7 billion, and possibly considerably more, in the near future.

Conservatives stand with President Trump and his directive to halt U.S. capital markets’ underwriting of our enemy, the Chinese Communist Party. We call on him to enforce his America First Investment Policy by barring U.S. investment banks and other firms from undermining it and otherwise betraying our country and her people by investing in China First.


The Honorable J. Kenneth Blackwell
Chairman, Conservative Action Project
Chairman, CNP Action, Inc.
Kelly J. Shackelford, Esq.
President, CEO & Chief Counsel
First Liberty Institute
Eric Teetsel
Chief Executive Officer
Center for Renewing America
Jenny Beth Martin
Chairman
Tea Party Patriots Citizen Fund
The Honorable Bob McEwen
U.S. House of Representatives
Former Member, Ohio
The Honorable Tony Perkins
President
Family Research Council
Lori Roman
President
ACRU Action Fund
Bob Carlstrom
The Carlstrom Group
Chad Connelly
Founder and President
Faith Wins
William L. Walton
The Bill Walton Show
Vice Chairman, CPAC
Rebecca Weber
CEO
Association of Mature American Citizens (AMAC)
David N. Bossie
President
Citizens United
Alfred S. Regnery
President
Republic Book Publishers
The Honorable Becky Norton Dunlop
White House Advisor
President Ronald Reagan (1981-1985)
The Honorable T. Kenneth Cribb, Jr.
Assistant to the President for Domestic Affairs
President Ronald Reagan
The Honorable Jim DeMint
Chairman, Conservative Partnership Institute
Member, US Senate (SC 2005-2013)
Ed Corrigan
Vice Chairman, Conservative Action Project
President & CEO, Conservative Partnership Institute
Thomas H. Jones
Founder
American Accountability Foundation
Donald T. Eason
President
Center for Urban Renewal and Education (CURE)
Wesley Denton
Chief Operating Officer
Conservative Partnership Institute (CPI)
Thomas E. McClusky
Principal
Greenlight Strategies, LLC
The Honorable David McIntosh
President
Club for Growth
Scott T. Parkinson
Vice President for Government Affairs
Club for Growth
The Honorable Morton C. Blackwell
President
The Leadership Institute
Lt. Gen. William G. Boykin (Ret.)
Executive Vice President
Family Research Council
Terry Schilling
President
American Principles Project
Frank J. Gaffney
President
Institute for the American Future
Eunie Smith
President
Eagle Forum of Alabama
Jeffrey M. Kruszyna
Founder & CEO
JMK Victory
Gary Marx
President
The Concord Fund
Allen J. Hebert Ben Case
Paavo Ensio
Chairman
Universal Minerals Group
Karen England
President
Capitolresource.org
The Honorable Lou Terhar
Former OH State Senator
CNP Board of Governors
Tim Throckmorton
President
Lifepointe Ministries
Seton Motley
President
Less Government
The Honorable Mike Wolfe
Former Harris County, TX School Trustee
Harris County TX Department of Education
C. Preston Noell III
President
Tradition, Family, Property, Inc.
RC Williams
Co-Founder
Watchmen Action
Julianna Ormond
Co-Founder
Watchmen Action
Robert K. Fischer
President
Protecting South Dakota Kids
The Honorable Colin Hanna
President
Let Freedom Ring
The Honorable Richard D. Hayes
State Representative
State of Texas
Judson Phillips
Founder
Tea Party Nation
Dr. Virginia Armstrong
National Law & Worldview Chairman
Eagle Forum
Tim LeFever
Chairman
Capitol Resource Institute
Kristen A. Ullman
President
Eagle Forum
Dr. Jerome R. Corsi, Ph.D.
Founder and CEO
CorsiNation.com
Ambassador Henry F. Cooper
Reagan’s Defense and Space Negotiator
SDI Director, President George H.W. Bush
Charles J. Cooper
Assistant Attorney General, President Ronald Reagan (1985-1988)
Cooper & Kirk PLLC
Elaine Donnelly
President
Center for Military Readiness
The Honorable James C. Miller III
Director of OMB (1988-1989)
Dr. Paige Patterson
President
Sandy Creek Foundation
Richard Norman
Principal
Richard Norman Consulting
Anne Schlafly
Chairman
Eagle Forum
Craig Shirley
Presidential Historian
Reagan and Trump Biographer
Ron Pearson
Pearson & Pipkin
Joan Holt Lindsey
President
Lindsey Communications
Randy M. Long
Founder
BuildProveSell.com
Kirsten Davies
Founder
Institute for Cyber
Lee Beaman
CEO
Beaman Ventures
Sean Noble
President
American Encore
Tom DeWeese
President
American Policy Center
Kevin Freeman
Founder
NSIC Institute
The Honorable George K. Rasley Jr.
Managing Editor
ConservativeHQ.com
Jerry Maston
Sr. Pastor
River Of Life Church, Leadership Always, Christian Values Summit
Dr. Karen W. Siegemund
President
American Freedom Alliance
Grant Newsham
Colonel, USMCR-ret
Center for Security Policy
James L. Martin
Founder/Chairman
60 Plus Association
The Honorable Mike Hill
Former Member
Florida State House
John R. Mills
Media Contributor
Committee on Present Danger China
Rob Maness
Colonel, USAF, retired, CEO
Iron Liberty Group LLC
Brigitte Gabriel
Chair and CEO
ACT For America
Charles S. Faddis
Retired CIA Ops Officer
AND Magazine
Bishop E.W. Jackson, Sr.
Founder and President
STAND Foundation, Inc.
Saulius “Saul” Anuzis
President
60 Plus Association
Reggie Littlejohn
President
Anti-Globalist International
The Honorable Trent Franks
Former Congressman
Tim Macy
Chairman
Gun Owners of America
The Honorable Gary L. Bauer
President
American Values
The Honorable Carla Sands
U.S. Ambassador to the Kingdom of Denmark (ret.)
AFPI
Dran Reese
President
The Salt & Light Council
Steven W. Mosher
President
Population Research Institute
Kevin Roberts, Ph.D.
President
The Heritage Foundation
 

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