The U.S. congressional committee on China is investigating asset management firm BlackRock and index provider MSCI for their involvement in facilitating American capital flow into Chinese companies blacklisted by the U.S. government due to their association with China's military advancement or human rights abuses. The committee, led by Representative Mike Gallagher, is considering issuing subpoenas to BlackRock and MSCI if they fail to provide comprehensive answers about their investments. The goal of the investigation is to inform policy and legislation regarding outbound capital flows and to ensure that U.S. investments are not supporting companies counter to U.S. values. BlackRock has claimed that all its investments comply with U.S. law, while MSCI is reviewing the inquiry. The committee, which has bipartisan support, aims to protect American technology from theft by China and holds roundtables and events outside of Washington to gather input from various stakeholders.