Financial Services

U.S. Congressman Anthony Gonzalez joined his fellow co-chairs of the House China Task Force today to unveil their report detailing the malign actions of the People’s Republic of China and putting forth policy recommendations and legislative strategies to combat the threat posed by the Chinese Communist Party. “I firmly believe that the Chinese Communist Party is one of the largest threats facing o... Read more »

U.S. Congressman Anthony Gonzalez (R – Rocky River) along with Rep. French Hill (R-AR), Rep. Andy Barr (R-KY), and Rep. Denver Riggleman (R-VA) sent a letter to President Donald Trump on Friday requesting the president rally support at the upcoming G7 Summit to counteract China’s efforts to abuse the international financial system and hold the Chinese Communist Party accountable. “As we navigate t... Read more »

U.S. Congressman Anthony Gonzalez (R-Rocky River) introduced a new bill today to promote Taiwan’s membership in the International Monetary Fund (IMF). The bill, known as the Taiwan Non-Discrimination Act of 2020, would work to prohibit an increase to China’s shareholding in the IMF until Taiwan is offered membership or allowed to meaningfully participate in the work at the IMF. “As the world looks... Read more »

U.S. Congressman Anthony Gonzalez (R-Rocky River) released the following statement upon his appointment, at the direction of President Trump, to the President’s Task Force on Reopening the Economy: "Americans have come together across the country to stop the spread of COVID-19, and our efforts are paying off. As we continue to make progress in lowering the curve and look towards recovery, it is im... Read more »

U.S. Congressman Anthony Gonzalez (R-OH) and Rep. Bryan Steil (R-WI) led a letter this week with 14 other members of the House Financial Services Committee to regulators encouraging reforms to allow for further investments into start-up companies. “Growing Northeast Ohio’s economy is one of my top priorities as a Member of Congress,” said Congressman Gonzalez. “Northeast Ohio has the workforce and... Read more »

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Treasury Secretary Steven Mnuchin on Thursday agreed that the World Bank should expel China from a supportive loan program that helps middle- and low-income nations finance government projects. Asked by Rep. Anthony Gonzalez, R-Ohio, whether he’d support graduating Beijing from the lending program, Mnuchin replied, “I do.” The question from Gonzalez comes as he works to pass legislation that would... Read more »

The Trump administration has formally objected to the World Bank’s plans to continue lending to China, the latest flash point in a long-running battle between the world’s largest economies. ... Representative Anthony Gonzalez, Republican of Ohio, who questioned Mr. Mnuchin about the bank’s work in China, introduced legislation last month that would curb World Bank funding to China by “graduating” ... Read more »

U.S. Congressman Anthony Gonzalez (R-Rocky River) introduced a new bill, H.R. 5051, the Accountability for World Bank Loans to China Act, to curb World Bank funding to China by graduating the country from the World Bank’s International Bank for Reconstruction and Development (IBRD) program. Despite far exceeding the economic threshold for the program, China has received $7.8 billion from the World... Read more »

Facebook CEO Mark Zuckerberg provided only a few additional details about the company’s proposed cryptocurrency to a House Financial Services Committee on Oct. 23 that generally didn’t like what it heard. Zuckerberg said Facebook wouldn’t proceed with the proposed Libra until it had satisfied regulators’ concerns. That pledge and the harsh criticism from lawmakers on both sides the aisle appears t... Read more »