House panel accuses US banks of aiding Chinese military firm CATL

On 2026-05-21, the House Select Committee on the Chinese Communist Party accused JPMorgan Chase, Bank of America, and Morgan Stanley of helping CATL raise money despite the Pentagon's designation of CATL as a Chinese military-linked firm. The committee's report said the banks underwrote or participated in CATL offerings and trusted CATL's representations over U.S. government judgment.