CHAIRMAN SMITH: TRUMP ADMINISTRATION INVESTIGATION INTO SHANGHAI SINGHAM NETWORK ALIGNS WITH COMMITTEE OVERSIGHT OF U.S. NONPROFIT SECTOR

WASHINGTON, June 30 -- The House Ways & Means Committee Chairman issued the following news release:

WASHINGTON, D.C. - Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after reports that a grand jury has begun issuing subpoenas as part of a Trump Administration Department of Justice investigation into Neville Roy Singham, a wealthy American tech mogul who lives in Shanghai and operates a large network of U.S.-based tax-exempt organizations - all of which have been under investigation by the Committee as part of its oversight efforts focused on the U.S. nonprofit sector:

"Individuals and organizations that are outright hostile to the United States, that seek to disrupt our way of life, and who openly ali...