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house Bill H.R. 5932

Should the U.S. Push for Greater Transparency About Loans China Makes to Smaller Nations at Int’l Financial Institutions?

Argument in favor

A lack of transparency surrounding the amount of loans made by China to debtor nations around the world and the terms of those loans threatens the stability of the financial system and the independence of debtor nations. This bill would ensure the U.S. uses its voice and vote at international financial institutions to encourage greater transparency about Chinese loans.

Leslie's Opinion
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03/02/2020
We should push for financial transparency in loans across the board! Not only China but Russia that has underwritten Trump Deutsch Bank Loans. Thank you Jamie Raskin for voting, “Yea”!
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Dave's Opinion
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03/02/2020
The Ensuring Chinese Debt Transparency Act of 2020, yes, we could start with Trump and Trump’s family, then Russia and Saudi Arabia. Which most likely his taxes would show anyway.
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KevinX's Opinion
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03/02/2020
These loans are a part of Chinese plan called the Slik and Belt Loans. The idea is to give a road into financial domination of underdeveloped or they pay off the loan and turn out fine-unlikely because even Moody’s wouldn’t give them a loan.
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Argument opposed

While it may be bipartisan, this bill is unlikely to succeed in getting China to be more transparent about its loans to debtor nations around the world unless or until China chooses to make that information available. As a result, Congress shouldn’t waste its time by trying to advance policies to promote more transparency by China.

jimK's Opinion
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03/02/2020
When our Country once again leads by our example, this should be revisited. Transparency is always a good practice which in financial markets does put all of the players on common ground and tends to assure an equitable basis for lenders and borrowers alike. When we can demonstrate this transparency to our world partners by our country’s own actions- then we have a basis for insisting that they ‘play fair’ as well. Demanding others play fair while stacking the deck in your favor is fundamentally dishonest (like trumpublicans stacking the deck of court appointees and then claiming Democrats are not ‘playing fair’ when they get called for their actions). Actions, actions speak much louder than words. Words that are not supported by our own actions will be ignored more and more until our country’s international rhetoric becomes completely meaningless.
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KansasTamale's Opinion
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03/02/2020
This bill is a waste of time. Where do we get off trying to tell the rest of the world what to do when we don’t even know what is going on in our own country. We don’t even know how many loans the Chinese and the Russians have made to Trump Or how much money he’s laundered for them to pay off his loans because he’s too chintzy to pay the loans. That’s the reason he didn’t get any banks in the US to loan him money in the United States. He NEVER PAYS HIS BILLS. WHY WASN’T HE MADE TO SHOW HIS Finances before he Ran ???
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larubia's Opinion
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03/02/2020
So, we want China to be transparent with their lending? We get a law passed & I’m sure they will hop to it!!??? I find it laughable that we want to legislate that another government is transparent, when we have a sitting, impeached president who hasn’t shown his tax records. How about we pass a law for all candidates seeking public office to show their tax records for the last seven years?
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    We should push for financial transparency in loans across the board! Not only China but Russia that has underwritten Trump Deutsch Bank Loans. Thank you Jamie Raskin for voting, “Yea”!
    Like (36)
    Follow
    Share
    When our Country once again leads by our example, this should be revisited. Transparency is always a good practice which in financial markets does put all of the players on common ground and tends to assure an equitable basis for lenders and borrowers alike. When we can demonstrate this transparency to our world partners by our country’s own actions- then we have a basis for insisting that they ‘play fair’ as well. Demanding others play fair while stacking the deck in your favor is fundamentally dishonest (like trumpublicans stacking the deck of court appointees and then claiming Democrats are not ‘playing fair’ when they get called for their actions). Actions, actions speak much louder than words. Words that are not supported by our own actions will be ignored more and more until our country’s international rhetoric becomes completely meaningless.
    Like (52)
    Follow
    Share
    This bill is a waste of time. Where do we get off trying to tell the rest of the world what to do when we don’t even know what is going on in our own country. We don’t even know how many loans the Chinese and the Russians have made to Trump Or how much money he’s laundered for them to pay off his loans because he’s too chintzy to pay the loans. That’s the reason he didn’t get any banks in the US to loan him money in the United States. He NEVER PAYS HIS BILLS. WHY WASN’T HE MADE TO SHOW HIS Finances before he Ran ???
    Like (39)
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    So, we want China to be transparent with their lending? We get a law passed & I’m sure they will hop to it!!??? I find it laughable that we want to legislate that another government is transparent, when we have a sitting, impeached president who hasn’t shown his tax records. How about we pass a law for all candidates seeking public office to show their tax records for the last seven years?
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    What exactly do y’all think China is going to do? Oh my bad here you go? No. This is useless.
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    The biggest problem right now is who Individual #1 is compromised by other than Russia. Those are the the bank records every concerned American should want to see.
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    Why? What business is it of ours unless we intend to offer the exact same transparency to every other nation out there and them to us. That indeed sounds very globally socialist rather than nationally capitalistic and doesn’t seem like something ImPOTUS would go for. We have no more right to another country’s proprietary business information than they have to ours.
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    Transparency? Do you mean how the Federal Taxpayers dollars are spent? Secret black budgets” for our protection.
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    The Ensuring Chinese Debt Transparency Act of 2020, yes, we could start with Trump and Trump’s family, then Russia and Saudi Arabia. Which most likely his taxes would show anyway.
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    Dark money? Transparency? Seriously?? We’re lecturing anyone about this? Let’s see Trump’s taxes. Let’s see Ivanka’s Chinese patents. Let’s see the Trump’s business ties to China, and Russia, and Saudi Arabia. Before we start a screed about the mote in someone else’s eye, perhaps we should take care of the plank in our own.
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    What is that saying,,"Cleanup your own backyard before you go criticizing mine. We can’t get our own president to be transparent with his personal and business financials. Give me a break
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    The USA, under this administration, no longer cares about transparency. Look at the months of denial and no access to evidence. This bill is another example of “do what I say, not what I do” American Imperialism.
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    These loans are a part of Chinese plan called the Slik and Belt Loans. The idea is to give a road into financial domination of underdeveloped or they pay off the loan and turn out fine-unlikely because even Moody’s wouldn’t give them a loan.
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    Maybe Congress should see how much they have borrowed in loans from China along with companies selling out to China in this country.
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    As much as we would like to think, we are not the world's police.
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    Let's work on our own failures at transparency.
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    Here again, the problem is our own so-called Prez. He has suppressed the rule of law /Constitution in the US. Why should we feel we can legislate ANYTHING to China ? The “Lock-Step” Trumpublicans will rubber stamp anything the orange lord says. Where are those that brandished their Pocket Constitutionalists ? Hope there is a resurgence of common sense....
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    In this area, we lead by example. China doesn’t care what we consider good documentation. This is unlikely to succeed in getting China to be more transparent about its loans to debtor nations around the world unless or until China chooses to make that information available. As a result, Congress shouldn’t waste its time by trying to advance policies to promote more transparency by China.
    Like (3)
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    China is always up to no good and trying to get the advantage we should be keeping an eye on everything that they do. They are our number one foe in the world.
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    We are not the world police. Unless you, representative, would like to start embracing the nazi Germany ideology, then I suppose we can't stop you.
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