The head of the Securities and Exchange Commission is facing fresh pressure from lawmakers to restrict Chinese companies from accessing US capital markets.
In a rare display of bipartisanship, Republican Senate banking committee chair Tim Scott and Elizabeth Warren, his Democratic counterpart, on Thursday sent a letter to Paul Atkins, who has served as SEC chair since April 2025 after being nominated by President Donald Trump to run the financial regulator.
Scott and Warren warned of the “unique risks to national security, market integrity and investor protection posed by SEC-registered entities with ties to the People’s Republic of China”.
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