WASHINGTON—In a rare display of bipartisan unity, lawmakers from both the House and Senate came together for a joint hearing on April 9 to address the pressing need to protect American retirement savings from China’s predatory practices.
Lawmakers and experts expressed concerns over the rising financial aggression from China, including sophisticated scams run by Chinese gangs that disproportionately target elderly Americans and threaten U.S. national security.
One of the central issues highlighted during the joint session, held by the House Select Committee on the Chinese Communist Party and the Senate Special Committee on Aging, was the exploitation of American capital markets….