WASHINGTON, D.C. — Senator Dave McCormick (R-PA) and Senator John Fetterman (D-PA) today introduced the PRC Broker-Dealers and Investment Advisers Moratorium Act to protect U.S. markets, consumers, and national economic security. This legislation is in response to growing concerns on the unequal regulatory landscape between the United States and the People’s Republic of China (PRC) that expose U.S. financial markets and consumer data to risk from Chinese Communist Party (CCP)-linked firms. “The PRC Broker-Dealers and Investment Advisers Moratorium Act recognizes that CCP-linked firms pose an inherent risk to our financial system,” said Senator McCormick. “This bill gives the financial regulators necessary time to evaluate the impact on U.S. consumer protection and protects the

WASHINGTON, D.C. — At today’s Senate Banking, Housing, and Urban Affairs Committee markup of the bipartisan ROAD to Housing Act, Senator Dave McCormick (R-PA) emphasized how the legislation successfully addresses the housing affordability crisis, expands affordable housing by increasing supply, and strengthens oversight and accountability. The bill was approved unanimously by the Banking Committee. “The affordable housing crisis is a huge issue in Pennsylvania. On Friday, I was in Pittsburgh with Secretary Scott Turner where we toured a number of community development projects. This is key to the American Dream, and it’s a challenge for Americans across our communities,” said Senator McCormick. “That’s why I’m so proud to support

PITTSBURGH, PA — Senator Dave McCormick (R-PA) and U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner yesterday toured critical community investment and revitalization programs in Pittsburgh with stops at United States Steel Corporation, Bedford Dwellings, and Light of Light Rescue Mission. “It was great spending the day in Pittsburgh with Secretary Turner and getting to demonstrate firsthand so much of what makes Pennsylvania great and a pillar of our nation’s future success. From U. S. Steel’s historic Edgar Thomson Works, which will help revitalize manufacturing in our region, to Bedford Dwellings’ efforts to help working Pennsylvanians achieve and maintain the dream of