Bill Would Let People Sue Chinese Communist Party For Its COVID-19 Misrepresentation

From The Desk Of Congressman Chris Smith

WASHINGTON, D.C. - Rep. Chris Smith (R-4th), Chair of the Congressional-Executive Commission on China, reintroduced legislation with Rep. Michael Burgess, MD (R-TX) to allow US citizens the right to sue the Chinese Communist Party (CCP) and hold the regime accountable for its largescale misrepresentation campaign during the COVID-19 pandemic.

“Knowing that Xi Jinping and his Communist regime systematically failed to be truthful and transparent, our legislation seeks to not only gain access to more information but also provide much-needed relief to the loved ones of those who died and others who have suffered severe economic loss during the pandemic,” said Smith, who has chaired over 80 congressional hearings on the CCP’s egregious human rights abuses.

“The Chinese Communist Party refusal to provide real time information killed Americans,” said Burgess. “The American people lost loved ones and suffered a multitude of losses during the Coronavirus pandemic. They deserve the ability to get answers from the CCP.”

“We must finally get to the truth about what happened and who was involved in this deception in order to bring justice to those who suffered profoundly from COVID-19,” Smith said.

The Smith-Burgess bill would waive the Foreign Sovereign Immunities Act and allow United States citizens the right to sue the Chinese government for monetary damages, personal injury, death, or damage to or loss of property occurring in the U.S. as a result of the CCP’s willful or grossly negligent misrepresentation of information to the World Health Organization (WHO). It would also apply to other countries that provide misinformation to the WHO about the nature, seriousness or communicability of an infectious disease.

“Besides damages paid to those individuals who have endured so much pain and loss, our bill can bring discovery and the opportunity in court to ask probing questions that will hopefully lead to answers and help prevent this type of behavior in the future,” Smith said.

Last Congress, similar legislation authored by Smith - which he first introduced in April 2020 - was blocked on a party-line vote by the Democrat-controlled Foreign Affairs Committee, marking the historic first recorded vote in the House of Representatives on the right to sue China for its lack of transparency over the COVID pandemic.

“Justice delayed is justice denied,” said Smith, who noted some of the deleterious consequences resulting from the CCP’s failure to be transparent about the COVID-19 crisis, including the enormous loss of life with close to 36,000 deaths in his home state of New Jersey; over 1.1 million across the country; and at least 6.8 million throughout the entire world.

The Smith-Burgess bill shares a parallel track with the Justice Against Sponsors of Terrorist Act (JASTA) - legislation enacted by Congress in 2016 over the veto of President Obama allowing the families of 9/11 victims to seek justice against Saudi Arabia for aiding and abetting the terrorists involved in the horrific attacks.

Bill Would Bring Back Regulations To Prevent Banks From Failing

WASHINGTON, D.C. – U.S. Senators Cory Booker and Bob Menendez (both D-N.J.) joined U.S. Senator Elizabeth Warren (D-MA), U.S. Representative Katie Porter (D-CA-47), and dozens of colleagues in both the Senate and House of Representatives to introduce the Secure Viable Banking Act, legislation that would repeal Title IV of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 following the collapse of Silicon Valley Bank (SVB) and Signature Bank. Senators Booker and Menendez, both longtime consumer protection advocates, were outspoken about the dangers of passing the Economic Growth, Regulatory Relief, and Consumer Protection Act five years ago, which reduced critical oversight and capital requirements for large banks.

“Congress should have never rolled back regulations put into place to prevent exactly the kind of bank failures we saw play out in recent days. We must now act to restore these protections to strengthen our banking system, safeguard our economy, and ensure that the hard-earned money of families and small businesses is better protected,” said Senator Booker.

“Five years ago, I stood on the Senate floor to warn my colleagues that only in Washington would anyone think it’s a good idea to mark the ten-year anniversary of the 2008-2009 financial crisis by passing S.2155, a bill that dared big banks to get bigger and increased risk to taxpayers,” said Senator Menendez.

The Trump banking law rolled back ‘too big to fail’ rules and created conditions for collapse of Silicon Valley Bank. “After this weekend’s collapse of SVB and Signature, the world saw why it was misguided to pass S.2155, which rolled back critical Dodd-Frank regulations for banks like Silicon Valley Bank, including enhanced prudential standards and stress tests.

We must immediately repeal Title IV of S.2155 to ensure that we restore needed oversight of these systemically important institutions that have the potential to wreck our economy and the livelihoods of American families. We cannot afford to get this wrong and must act with the urgency this moment requires.”

Title IV of the Economic Growth, Regulatory Relief, and Consumer Protection Act raised the asset threshold at which a bank is considered and regulated as a “systemically important financial institution” to $250 billion, exempting SVB and other mid-sized banks from regular stress testing and enhanced liquidity, risk management, and resolution plan, or “living will,” requirements. The lawmakers’ new bill would repeal these dangerous regulatory rollbacks, which invited banks to load up on risk and increase profits, and would restore critical Dodd-Frank protections.