What's going on again? Reports suggest that American lawmakers are urging the SEC to delist Chinese concept stocks such as Alibaba Group Holding Limited Sponsored ADR (BABA.US).

According to the Financial Times on Friday, two Republican lawmakers are urging the U.S. Securities and Exchange Commission (SEC) to delist Chinese companies, including Alibaba Group Holding Limited Sponsored ADR (BABA.US), claiming that these companies have ties to the military, endangering U.S. national security. The report stated that John Mulaney, chairman of the House China Commission, and Rick Scott, chairman of the Senate Aging Committee, wrote to SEC Chairman Paul Atkins, requesting action be taken against 25 Chinese companies listed on U.S. exchanges. They stated that under the Holding Foreign Companies Accountable Act, the SEC has the means and power to suspend trading and force delisting. SEC, Alibaba Group Holding Limited Sponsored ADR, and other related companies did not immediately respond to requests for comment. The U.S. Senate committee also did not immediately respond to requests for comment. It is known that there are currently over 100 Chinese companies listed on U.S. exchanges with a total market value of around $1 trillion. Since the trade war erupted between the world's two largest economies, concerns have resurfaced among investors about Chinese companies being forced to delist from U.S. exchanges. The Commerce Department recently stated that they are "evaluating" the U.S. proposal for talks regarding the Trump administration's imposition of substantial tariffs, indicating that there may be a possibility of easing the trade war that has disrupted global markets.