Protect U.S. taxpayer money from China with foreign investment screening in Ukraine.
The United States has a moral obligation to help rebuild Ukraine in the aftermath of Russian aggression. To ensure that the money is spent wisely and does not end up in the hands of America’s adversaries, Congress should obligate some of the funds for a U.S.-led investment screening mechanism in Ukraine. This would be similar to the Committee on Foreign Investment in the United States (CFIUS) and would help protect U.S. taxpayer money and Ukraine’s long-term economic outlook. It would also ensure that U.S. dollars are going to employ Ukrainians, rather than Chinese companies or Russian oligarchs. This screening regime would be separate from the FBI, Department of Justice and Inspectors General and would serve as an insurance policy and legal backstop for U.S. financial assistance. Establishing a foreign investment screening mechanism in Ukraine is the best way to protect the assets of the next “Marshall Plan” and to prevent U.S. taxpayer money from ending up in the hands of America’s economic adversary: China.
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