The Ohio republican has introduced a bill that would restrict China’s access to U.S. capital markets unless it respects international law and honors its debt.
Vance isn’t the only member of Congress who talks tough on China and its financial obligations, of course.
“But too many members, their election coffers lined by Wall Street and other financial and business interests heavily exposed to China, leave it at that," writes Hale.
There is precedent for holding the Chinese government accountable. In the 1980s, British Prime Minister Margaret Thatcher compelled China to repay the money it owned British bondholders.
“Now our government should demand a settlement as well.”
“Too many in the U.S. Congress and executive branch have been too soft on China for too long,” writes Hale. “Vance’s bill takes a historic step in addressing this selective default. Others in Congress should join these efforts.”
Read the op-ed at TheHill.com.
