Senator Jim Banks (R-Indiana) addressed the Senate floor on Wednesday, July 30th, 2026, accusing Neville Roy Singham, a 72-year-old American tech entrepreneur now residing in Shanghai, of using his nonprofit network to aid the Chinese Communist Party (CCP) in political warfare against the United States.

Singham, who sold his tech company for $785 million in 2017, has reportedly funneled $278 million into a broad network of left-wing NGOs and nonprofits since that year, according to a Fox News Digital investigation. These organizations have been involved in demonstrations opposing U.S. Immigration and Customs Enforcement (ICE), Israel, and supporting Iran.

"From his Shanghai office, which he shares with a CCP propaganda outlet whose avowed mission is to ‘tell China’s story well,’ Singham began funding a complex network of left-wing NGOs and nonprofits that advance the interests of the Chinese Communist Party," Banks stated.

Banks also highlighted the group Code Pink, noting that prior to Singham's financial support and marriage to its co-founder, the organization occasionally condemned CCP human rights abuses. "After Singham started lavishly funding the group—and married its co-founder—Code Pink stopped criticizing the Chinese government and started defending it," he said.

Additionally, Senator Marco Rubio spoke earlier in July 2026 at a summit in Washington, D.C., addressing over 60 countries about coordinated networks using encrypted communication to foment unrest internationally.

In a related development, Treasury Secretary Scott Bessent met with Goldman Sachs Chairman and CEO David Solomon in New York earlier this year, urging cooperation with the Justice Department's investigation into Singham's financial network, according to sources familiar with the matter.

Banks' speech and these ongoing investigations underscore concerns about foreign influence and political activities linked to Singham's nonprofit funding.

Sources