Sen. Tom Cotton (R-AR) said in a tweet Monday that the Biden administration refused to commit to not bailing out Chinese companies that invested in Silicon Valley Bank (SVB) with American taxpayer money.
“It’s well known that SVB funneled American money into Chinese companies,” Cotton tweeted.
“I pressed the Biden administration today to commit not to bailout Chinese companies with money from Arkansas’s taxpayers, but they refused. Which tells you that’s exactly what President Biden plans to do,” he said.
It’s well known that SVB funneled American money into Chinese companies.
I pressed the Biden administration today to commit not to bailout Chinese companies with money from Arkansas’s taxpayers, but they refused. Which tells you that’s exactly what President Biden plans to do.
— Tom Cotton (@SenTomCotton) March 13, 2023
Silicon Valley Bank had supported many start-up companies, including those from China, according to a CNBC report.
According to the…
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