00:00 It's Benzinga and here's what's on the block.
00:02 Representative Blaine Lukmeier has urged extreme caution towards Shein, which is a fast fashion
00:07 company planning to trade on the US exchanges due to concerns over forced labor and exploitation
00:12 of US trade laws.
00:14 Lukmeier and other lawmakers sit on a new House committee investigating Shein's use
00:18 of forced labor and its reliance on the trade loophole to ship many small packages to the
00:22 US without custom checks.
00:24 Shein has acknowledged that some of its raw materials come from regions banned due to
00:28 forced labor concerns and claims to have policies against forced labor and to halt shipments
00:33 if banned materials are detected.
00:35 For all things money, visit Benzinga.com.
00:37 (upbeat music)
