Washington, D.C. – U.S. Senators Pat Toomey (R-Pa.) and Chris Van Hollen (D-Md.) issued the following statement regarding the Treasury Department’s report that did not name any financial institutions under the Hong Kong Autonomy Act:
“The most reasonable justification for Treasury not having named any foreign banks in today’s report is if all foreign banks ended their relationships with the Hong Kong and Chinese communist officials responsible for the erosion of Hong Kongers’ basic freedoms. We know this very likely isn’t the case. The Treasury Department should use all the tools at its disposal, provided by the Hong Kong Autonomy Act, to investigate and hold accountable those banks, especially Chinese financial institutions, who seek to destroy democratic rights in Hong Kong. Anything less is unacceptable.”