Over the past decade, as much as $2 trillion–$3 trillion or more of U.S. investment—much of it supporting China’s growing military capabilities—has flowed into China with virtually no transparency and oversight. In August 2023, President Joe Biden issued an executive order that eventually will begin to address this threat, but congressional action to strengthen the Biden Administration’s half-measures remains essential. Yet some politicians continue to block bipartisan legislation that would scrutinize and ideally prohibit dangerous investments in China, relying on myths to argue that American investment in China’s military–industrial complex should remain unrestricted and opaque.