In another broadside against thePeople’s Republic of China, a top official in President Trump’s State Department last month urged American universities to divest their endowments from Chinese-owned corporations; to closely monitor or shut down on-campus activities that promote Chinese propaganda; and to protect research centers from Chinese theft of intellectual property.
And regarding investments, a special working group of the administration’s top financial regulators, led by Treasury Secretary Steve Mnuchin, recommended the Securities and Exchange Commission impose stronger transparency rules for foreign companies that are listed on American exchanges. The step was primarily directed at China, whose companies’ financial disclosures are … Read More ➡
A watchdog group is asking the U.S. Education Department to investigate the University of Pennsylvania and its Biden Center, a diplomacy and global engagement initiative named after the Democratic presidential candidate, for accepting millions of dollars in anonymous funds from Chinese donors.
The complaint, filed by the National Legal and Policy Center, says that over the past three years, the university has accepted around $22 million in anonymous funding from Chinese sources. That’s out of a total of more than $70 million from Chinese donors during that time, the NLPC said.
Those significant funds, including the anonymous amounts, rolled in after the Biden Center was announced in early 2017 and launched in February 2018. The center is located in downtown Washington, D.C.
One America News’ John Hines interviews Paul Kamenar, Counsel for the National Legal and Policy Center (NLPC), which filed a Complaint with the Department of Education alleging the University of Pennsylvania and the Biden Center failed to disclose millions of dollars of anonymous donations from China, as required by law.… Read More ➡
When Joe Biden announced he was opening a foreign policy center at the University of Pennsylvania, the goals for the project were ambitious. At its founding in 2018, Biden described the Penn Biden Center for Diplomacy and Global Engagement as “a place where policymakers here and abroad will know they can be in touch with some of the best minds.”
The center is one of several organizations Biden founded since leaving the White House in 2017, including the domestic policy-focused Biden Institute at the University of Delaware and the Biden Cancer Initiative, all launched in 2017. All three entities have refused to reveal the sources of their funding, a potential landmine for the Democrats’ presumptive presidential nominee that raises questions about the influence of individual, corporate, and foreign donations on the presidential candidate.
The lack of transparency has drawn the attention of … Read More ➡
National Legal and Policy Center (NLPC), a nonprofit public interest organization, filed a complaint with the Department of Education requesting that it conduct a full investigation into the University of Pennsylvania’s failure to disclose the source of millions of dollars of donations from China since 2013 to the university and its Biden Center for Diplomacy and Global Engagement as required by law.
Since 2017 alone, when the Biden Center opened and after Joe Biden announced he was running for President in April 2018, the university received over $70 million from China, of which $22 million were listed as “Anonymous.” Federal law requires the disclosure of the source of all donations over $250,000. The complaint also requests referral to the Department of Justice to file an enforcement action seeking compliance and to recoup all the costs of the investigation.
The complaint notes that the Biden Center co-sponsored the 2020 Penn China … Read More ➡