WE'LL BELL HOUSE SELECT COMMITTEE ON I CHINESE COMMUNIST PARTY LAUNCHING INVESTIGATION INTO BLACKROCK INDEX PROVIDER MSCI, WANT TO KNOW IF FACILITATING AMERICAN INVESTMENTS INTO CHINESE COMPANIES ACCUSED OF FUELING BEIJING MILITARY VIOLATIONS HUMAN RIGHTS TO ALERT TO LARRY FINK THE COMMITTEE WRITES ACROSS JUST FIVE FUNDS WE APPROXIMATE THAT BLACKROCK INVESTED MORE THAN 429 MILLION DOLLARS IN PRC COMPANIES THAT POSE NATIONAL SECURITY RISKS TO AND ACT DIRECTLY AGAINST INTERESTS OF THE UNITED STATES. JOINING ME RIGHT NOW IS WISCONSIN CONGRESSMAN CHAIRMAN OF THAT HOUSE SELECT COMMITTEE ON CHINESE COMMUNIST PARTY, MIKE GALLAGHER MR. CHAIRMAN THANKS VERY MUCH FOR BEING HERE. >> THANKS FOR HAVING ME. MARIA: I WANT TO ASK ABOUT INQUIRY WHAT YOU ARE LOOKING TO FIND OUT FROM BLOCK ROCK, MSC >> ONE THING WE CAN ALL AGREE ON DEMOCRATS REPUBLICANS THIS IS A BIPARTISAN INVESTIGATION. AS WELL AS AMERICAN PEOPLE I THINK AGREE ON THIS THAT AMERICAN DOLLARS SHOULD NOT BE FUNDING, CHINESE COMMUNIST PARTY MILITARY BUILDUP SHOULD NOT BE BUILDING, THE CCPERSON OF INTEREST, TOTALITARIAN SURVEILLANCE STATE NOT FUNDING GROSS HUMAN RIGHTS ABUSES WHY WE OPENED YOU BIPARTISAN INVESTIGATION DID A BRIEF REVIEW OF JUST A FEW OF INDICES REVEALED COMPANIES FACILITATE AMERICAN CAPITAL FLOWS TO DOZENS OF BLACKLISTED PRC COMPANIES, WE HAVE FOUND VESTED IN COMPANIES THAT PROUD CCPERSON OF INTEREST MILITARY ARCHITECT ARCHITECT CARRIERS AEROSPACE TECHNOLOGY ARTILLERY SHELLS EVEN ADVANCED NUCLEAR TECHNOLOGY INVESTED IN COMPANIES BGI AGAIN ONLY U.S. COLLABORATED WITH CHINESE MILITARY, AND COMPANIES COMPLICIT IN SUPPORTING FORCE LABOR HUMAN RIGHTS ABUSES IN CHINA BOTTOM LINE WE BELIEVE YOUR PENSION KIDS' COLLEGE ENDOWMENT SHOULD NOT BE FUNDING AMERICA'S FOREMOST ADVERSARY, THAT IS WHAT IS HAPPENING WE ARE AT RISK OF FUNDING OUR OWN DESTRUCTION, PARTICULARLY AS YOU FIGURE OUT HOW TO LEGISLATE GUARD RAILS CAPITAL FLOWS MEANT TO A FIND FACTS WILL INFORM THAT HE LEGISLATIVE ACTION. MARIA: THIS IS REALLY IMPORTANT INVESTIGATION, YOU SHOULD KNOW THAT WE'VE SEEN TALKING ABOUT THIS VERY ISSUE FOR YEARS. I HAVE HAD A PET PEEVE ABOUT THE FACT THRIFT FUND THIS IS 401(K) FOR GOVERNMENT EMPLOYEES HAS WHOLE OPPORTUNITY TO BUY INTO CHINESE COMPANIES, BUT DOESN'T THIS START WITH BIDEN ADMINISTRATION? DOESN'T THE BIDEN ADMINISTRATION, NOW HAVE A DUTY TO ENSURE THAT PEOPLE UNDERSTAND THIS, WHY IS IT THAT THESE COMPANIES ARE SOME COMPANIES ARE SANCTIONED STILL IN LISTS, IN INDICES? >> THE BIDEN ADMINISTRATION HAS BEEN SITTING ON AN EXECUTIVE DIRECTOR FOR OUTBOUND CAL FLOWS FOR MONTHS MY FEAR BECAUSE RENEWED PUSH FOR DEMOCRATIC ECONOMIC ENGAGEMENT WITH CHINESE COMMUNIST PARTY, BY THE WAY, HAS PROUD NOTHING THUS FAR BESIDES MORE ENHANCED CCP AGGRESSION, THAT THEY ARE NOT ONLY DELAYING IT THOUGH WE NOW HAVE A REPORT OUT NEXT WEEK [INDISCERNIBLE]. >> SIGNIFICANTLY THE BIDEN ADMINISTRATION NEEDS TO TAKE A BETTER LEAD ON THIS ISSUE, BUT DOESN'T AB ABSOLVE US FROM ACTING THERE ARE CONCERTS OUT THERE RIGHT NOW I BELIEVE THE PRINCIPAL PREVENTING US FROM FUNDING OUR DESTRUCTION PARTICULARLY SKI SECTORS SECTOR BEING SPECIFIC APPROACH A LOT OF REPUBLICANS DEMOCRATS COULD GET BEHIND AS FAR AS LISTS THE WAY COMPANIES GET AWAY THE FACT NOT DOING ANYTHING ILLEGAL, CONGRESS THEY ARE LOOPHOLES EXPLOITED CONGRESS NEEDS TO CLOSE LOOPHOLE AT MINIMUM MAKE SURE AMERICANS ARE NOT KNOWINGLY OR UNKNOWINGLY FUNDING CCP GENOCIDAL. >> THERE ARE THOSE AMERICAN INVESTORS TO PUT MONEY IN COMPANIES THAT MAY TURN GUNS AGAINST AMERICA I ASKED PRESIDENT TRUMP ABOUT THIS ON THIS SHOW TWO WEEKS AGO, I ASKED HIM ABOUT, THIS VERY ISSUE, AND EVEN HE DID NOT HE HAS AMONG MOST TOUGH THAT YOU COULD SEE AS FAR AS RECENT PRESIDENTS ON CHINA EVEN HE DID NOT GO TO THE CAPITAL MARKETS -- WATCH THIS. >> WOULD YOU BE PREPARED TO ATTACK THE ECONOMIC RELATIONSHIP THAT WE HAVE WITH CHINA, FOR EXAMPLE, THE CAPITAL MARKETS ARE WIDE OPEN, FOR COMMUNIST CHINA, AND UNWITTING INVESTORS FINDING EXPANSION OF CCP WOULD YOU PUT LIMITS IN PLACE IN TERMS OF WHAT AMERICANS CAN APPLY. I DID SOMETHING BETTER I DID TREMENDOUS TARIFFS TOOK IN HUNDREDS OF BILLIONS OF DOLLARS TARIFFS AND TAXES WHEN CHINA DUMPING ENDORSERING OUR COUNTRY STEALING, THEY ARE DUMPING AT A LEVEL GOING TO PUT OUR STEEL MILLS OUT OF BUSINESS WHAT THEY WANT, I SAVED THE STEEL INDUSTRY WE ARE DEAD I TAXED 50% TAX ON DUMPING STEEL THEY START SENDING IT TO OTHER COUNTRIES WE CAUGHT THEM SENDING THROUGH CANADA. MARIA: SO WHY IS EVERYBODY SO AFRAID TO PUT LIMITATIONS ON INVESTOR CAPITAL INTO CHINESE COMPANIES THAT COULD WORK AGAINST AMERICA? >> WELL, I -- WOULD SUBMIT AND -- THE TARIFF ISSUE DOESN'T SOLVE OUTBOUND CAPITAL FLOW PROBLEM WE NEED TO CONSIDER ALL CAPITAL OUTFLOWS TO CHINA PUBLIC AND PRIVATE OUTBOUND RACING ON THE VENTURE CAPITAL PRIVATE EQUITY EXEMPT ETFS MUTUAL FUNDS INDIVIDUAL STOCKS, IN MY OPINION, WILL FAIL TO ADDRESS NATIONAL SECURITY THREAT PRIVATE MARKET INVESTMENTS REPRESENT ONLY 15% TOTALLY YEAR CAPITAL INVESTMENTS HERE IS GOING ON BEHIND SCENES YOU KNOW HOW D.C. WORKS AGGRESSIVE LOBBYING EFFORT ON BAVR WALL STREET TO WATER DOWN, ANY RESTRICTIONS, THAT THE BIDEN ADMINISTRATION, OR CONGRESS, MIGHT ENACT ALL THE MORE IMPORTANT WHY WE NEED TO BUILD OUR THE FOUNDATION OF BIPARTISAN INVESTIGATION NOTES ALLOW CENTRAL INTERESTS HIGH PAID LOB WHY IT'S TO GET IN THE WAY WHAT I THINK IS COMMON SENSE, LEGISLATION, WHAT HAPPENS TO YOUR INVESTMENT IN CHINA WHEN CCP MAKES A MOVE ON TAIWAN TRIES TO TAKE IT BY FORCE, THERE ARE SYSTEMIC, RISKS HAVING ASSETS SEIZED IN INVENTORY OF TAIWAN SCENARIO, RISKS LIKE VARIABLE INTEREST INTENT NO PROTECTIONS WE ARE OVER LOU FOR ACTION MY HOPE THIS WILL BE ISSUE IN PRIMARY KEY ISSUE, EVERY SINGLE REPUBLICAN PRESIDENTIAL CANDIDATE SHOULD BE FORCED TO TAKE AN ISSUE ON THIS, FOR ME ABSOLUTELY ESSENTIALLY ISSUE. MARIA: I TOTALLY AGREE WITH YOU CONGRESSMAN, I WANT TO ASK YOU, I MEAN, WHAT IS THE INCENTIVE FOR BLACKROCK NOT TO STEER INVESTORS FLOWS INTO COMPANIES? LET'S FACE IT. I MEAN THEY WANT THAT RELATIONSHIP WITH BEIJING ARE YOU GOING TO ASK LARRY FINK HOW MUCH MONEY HE MANAGERS FOR CHINESE COMMUNIST PARTY? IS MANAGING MONEY FOR XI JINPING? >> THIS IS JUST START OF OUR EFFORTS, MY HOPE IS BLACKROCK WILL COOPERATE, I THINK THAT IT IS IN THEIR OWN INTERESTS, TO GET RID OF A LOT OF COMPANIES, THAT ARE IN ETFS TRACK MSCI, RISKS TOO GREAT WE TALKED ABOUT BEFORE PARTICULARLY WHEN YOU CONSIDER WHAT ELSE BLACKROCK HAS BEEN LUCKERING US ABOUT SO-CALLED ESG INVESTING OBVIOUSLY, CHINESE COMMUNIST PARTY IS TERRIBLE WHEN IT COMES TO E, TO S, AND THE G. IF G STANDS FOR ANYTHING SHOULD STAND FOR GENOCIDE. >> GREAT POINT WE ASK WITH WHETHER OR NOT JOE BIDEN IS COMPROMISED BECAUSE WE DO NOT UNDERSTAND, THIS SOFT APPROACH, NOW THE ADMINISTRATION, IS REPORTEDLY SEARCHING FOR POTENTIAL CHINESE MALWARE TARGETING U.S. GLOBAL MILITARY OPERATIONS ONE OFFICIAL TELLING "NEW YORK TIMES" MALWARE IS A TICKING TIME BOMB WOULD COULD GIN CHINA POWER TO INTERRUPT SLOW AMERICAN MILITARY DEPLOYMENT RESUPPLY OPERATION CUTTING OFF POWER WATER COMMUNICATIONS TO U.S. MILITARY BASES THIS IS SERIOUS STUFF WE'VE GOT WALL STREET WANTING TO MAKE BILLIONS ON IT LET ME GET YOUR TAKE ON THIS THREAT HERE WHY DO WE KEEP SENDING CABINET MEMBERS TO BEIGE, NOW WE UNDERSTAND GINA RAIMONDO IS GOING NEXT WE HAD JANET YELLEN, JOHN KERRY, WE HAD TREASURY, JANET YELLEN AS I MENTIONED, ANTONY BLINKEN WE KEEP GOING TO BEG FOR COMMUNICATIONS THEY ARE JUST GETTING SERIOUS ABOUT UNDERMINING AMERICA WITH THIS SURVEILLANCE. >> BECAUSE BIDEN ADMINISTRATION FAILS TO SEE THE PARADOX HEART OF MAXIMUMIST LENINEST REGIMES LIKE CCP MORE COMFORTABLE THEY GET 2 MORE AGGRESSIVE THEY GET AS WE SORT OF CHASE THEIR OFFICIALS AROUND THE WORLD TO GET A PHOTO-OP THEY CONTINUE CYBERECONOMIC WAR AGAINST THE UNITED STATES, IN ADDITION TO, I CHAIR CYBERTHE CYBERWAR WITH TAIWAN UNDERWAY BY
