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    The U.S.-China Economic and Security Review Commission is a legislative branch commission created by the United States Congress in October 2000 with the legislative mandate to monitor, investigate, and submit to Congress an annual report on the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China, and to provide recommendations, where appropriate, to Congress for legislative and administrative action.

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    The U.S.-China Economic and Security Review Commission is chartered to monitor, investigate, and report to Congress on the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China. The Commission meets its research mission by submitting to Congress an Annual Report, as well as by conducting staff-led reports, contracted research, and more.

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Hearing: The Implications of Sovereign Wealth Fund Investments for National Security

February 7, 2008


Room 562, Dirksen Senate Office Building
First Street and Constitution Avenue, NE
Washington, DC 20510


Hearing co-Chairs:  Chairman Larry Wortzel and Commissioner Patrick Mulloy

AGENDA

OPENING STATEMENTS

  • Opening Statement of Chairman Larry Wortzel [Remarks]
  • Opening Statement of Commissioner Patrick Mulloy [Remarks]

Panel I: Congressional Perspectives 

  • Senator Evan Bayh (D-Indiana)
  • Senator Sherrod Brown (D-Ohio)
  • Congresswoman Marcy Kaptur (D-Ohio) [Testimony]
  • Senator James Webb (D-Virginia) [Testimony]

Panel II:  Government Perspectives

  • Dr. Robert Dohner, Deputy Assistant Secretary for Asia, the Department of the Treasury, Washington, DC [Testimony]
  • Ms. Linda Chatman Thomsen, Director of the Division of Enforcement, Securities and Exchange Commission, Washington, DC [Testimony]

Panel III: Overview

  • Dr. Brad Setser, Fellow for Geoeconomics, Council on Foreign Relations, New York, NY [Testimony]
  • Dr. Peter Navarro, Business Professor, The Paul Merage School of Business, University of California, Irvine, CA [Testimony]
  • Dr. Michael Martin, Analyst in Asian Trade and Finance, Foreign Affairs, Defense and Trade Division, Congressional Research Service, Washington, DC [Testimony]

Panel IV:  Impact on Financial Services Industry

  • Dr. Charles Dallara, Managing Director, The Institute of International Finance, Washington, DC
  • Dr. Peter Morici, Professor of International Business, University of Maryland, College Park, MD [Testimony]
  • Ms. Karen Shaw Petrou, Managing Partner, Federal Financial Analytics, Inc., Washington, DC [Testimony]   

Panel V:  Impact on National Security

  • Ms. Daniella Markheim, Senior Analyst in Trade Policy, The Heritage Foundation, Washington, DC [Testimony]
  • Mr. Alan Tonelson, Research Fellow, U.S. Business and Industry Foundation, Washington, DC [Testimony]  
Transcript
2.7.08HearingTranscript.pdf832.16 KB

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