Lawmakers cite national security concerns and call on the SEC and the Treasury to protect American investors from funding a Chinese military-linked company.
A group of GOP senators formally requested that the Securities and Exchange Commission (SEC) and the Treasury Department take immediate action to delist Hesai Group, a Chinese technology company, from the NASDAQ stock exchange. The senators’ letter cites national security concerns, stating that the company has been identified by the Department of Defense as a supporter of the Chinese military.
Senators Rick Scott (R-FL), Marsha Blackburn (R-TN), and Bernie Moreno (R-OH) sent the letter to SEC Chairman Paul Atkins and Treasury Secretary Scott Bessent last week, urging them to protect American investors and national security by removin