Commerce secretary's husband exercises stock options in tech company linked to Chinese government

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

Husband to Commerce Secretary Gina Raimondo has deepened his financial investment in the artificial intelligence company PathAI – a business that has raised eyebrows as it is backed by a company with deep ties to the Chinese Communist Party (CCP).

an espionage program that facilitates "the legal and illicit transfer of U.S. technology, intellectual property and know-how to China."that said the firm was linked the China’s controversial "Made in China 2025" scheme.

"When did you first become aware of PathAI’s direct ties to the CCP?" is among the questions posed by House Energy and Commerce Committee Republican Leader Cathy McMorris Rodgers, R-Wash, Consumer Protection and Commerce Subcommittee Republican Leader Gus Bilirakis, R-Fla., and Oversight and Investigations Subcommittee Republican Leader Morgan Griffith, R-Va.

Raimondo has yet to formally respond to the lawmakers' questions, but a source close to the matter told Fox News Digital that the secretary is working on her responses and will answer the questions imminently. "The Secretary’s husband’s employer – and the matters she would recuse from because of where he works – were disclosed to Department of Commerce career ethics officials, career officials at the Office of Government Ethics, and the U.S. Senate prior to her confirmation," the spokeswoman added. "The ethics officials approved the arrangements and a bipartisan majority of the U.S. Senate confirmed the Secretary.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Again we see the corruption and back deals and still do nothing. We deserve to be taken over. We are a lazy country.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines