House China Committee Chairman Mike Gallagher is rolling out a bill that would force non-profits, universities and others to divest from China or lose their tax-exempt status.
will introduce his bill, called the"DITCH Act," on Tuesday. A companion version of the bill is expected to be introduced by Sen. Josh Hawley, R-Mo., in the Senate when it returns from the August break.
Gallagher believes American companies"should not undermine" U.S. national security by supporting the People’s Liberation Army, nor should they help the Chinese Communist Party"finance its techno-totalitarian state." Rep. Mike Gallagher, R-Wisc., speaks during the House Republicans press conference on the U.S. military withdrawal from Afghanistan in the Rayburn Room in the U.S. Capitol on Tuesday, Aug. 31, 2021.
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