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Politics : Formerly About Advanced Micro Devices

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From: Wharf Rat	9/16/2019 4:25:14 PM
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Elaine Chao Investigated for Possible Conflicts Political Wireby Taegan Goddard “The House Oversight and Reform Committee asked Transportation Secretary Elaine Chao on Monday to turn over documents related to communication with her family’s shipping company as the panel stepped up an investigation into whether any actions taken by Ms. Chao amount to a conflict of interest,” the New York Times reports. “ The request by the committee in the Democratic-controlled House relates to actions Ms. Chao has taken that potentially benefited Foremost Group, a New York-based shipping company owned by her family. Foremost has received hundreds of millions of dollars in loan commitments from a bank run by the Chinese government to help build ships that Foremost has purchased from government-owned shipyards there.”

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