Tag Archives: investment

Gen. Mark Milley Testifies Before House Panel on FY 2022 Defense Budget Request

Gen. Mark Milley

Gen. Mark Milley, chairman of Joint Chiefs of Staff and a four-time Wash100 Award winner, said the proposed fiscal year 2022 budget of $715 billion for the Department of Defense (DOD) seeks to strike a balance between future modernization and readiness. Milley said investments in such technologies are aligned with the Pentagon’s joint warfighting concept. 

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White House Expands Ban on U.S. Investments in Chinese Defense, Surveillance Tech Firms

White House

President Biden signed an executive order on Thursday expanding the scope of a previous policy that prohibits U.S. companies and individuals from investing in Chinese companies with ties to China’s military. The Biden administration named 59 Chinese companies subject to the executive order’s prohibitions and the U.S. government will begin implementing the ban on U.S. investments in the listed entities starting Aug. 2nd.

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Avril Haines Testifies at Senate Hearing on Threats Linked to Chinese Tech, Investments

Avril Haines

Avril Haines, director of national intelligence and a 2021 Wash100 Award winner, and other U.S. intelligence leaders appeared Wednesday before the Senate Intelligence Committee to discuss the threats posed by China to the U.S. “Many countries are starting to do CFIUS-like processes. It’s another reason for why our counterparts are talking to us,” Haines told lawmakers.

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Mike Pompeo: Investment Ban to Cover ETFs, Index Funds, Subsidiaries of Firms Linked to Chinese Military

Mike Pompeo

State Secretary Mike Pompeo has announced that the Department of the Treasury (DoT) will prohibit U.S. companies and individuals from investing in index funds, exchange traded funds and subsidiaries of Chinese companies with ties to the Chinese military. Pompeo said in a statement published Monday the move is in compliance with an executive order signed in November 2020. 

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Executive Order to Ban US Investments in Companies Backing China’s Military

White House

President Trump signed Thursday an executive order that prohibits U.S. companies and individuals from investing in Chinese companies that support the Chinese military, CNBC reported. The president has directed the secretary of the Department of the Treasury (USDT) to enforce rules and regulations to implement the provisions of the order.

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Boeing Invests Funds to Support Indigenous Communities; Marc Allen, Kathleen Jolivette Quoted

Marc Allen

Boeing has recently committed $1.3 million to support Indigenous communities across the nation. The company has donated $300 thousand to clean water, education and natural disaster response; $140 thousand to the Pacific Northwest; and $60 thousand to support Oklahoma STEM education programs for students. An additional $840 thousand will fund future projects for Native American and Indigenous communities. 

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Raytheon Technologies Donates to ASCTE, Supporting Cybersecurity Careers; Roy Azevedo, Wes Kremer Quoted

Roy Azevedo

Raytheon Technologies has contributed a $4 million grant to the newly formed Alabama School of Cyber Technology and Engineering (ASCTE) to support cybersecurity careers across the private and public sectors, the company reported on Tuesday

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DoD’s Proposed Measure Seeks to Allocate Over $2B to End U.S. Dependency on China for Rare Earth Supplies

Pentagon

The Department of Defense (DoD) has proposed a measure that seeks to advance direct investments to end the country’s dependence on China for rare earth elements used to produce munitions, hypersonic systems, missiles and other weapons systems, Defense News reported Monday.

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