What do a rare earth mine in Brazil and a graphite mine in Mozambique have in common? Both have received significant United States government funding. The rub? Neither was subject, when the financing was committed, to the corporate governance standards that American listed companies are: an independent board, an independent audit committee, and audited disclosure to shareholders.There are strong national and economic security justifications for the recent push to use equity strategically to build secure American supply chains. Congress created the Development Finance Corporation in 2018 and the CHIPS program office in 2022, and has adopted a sharply faster pace The post Washington’s Foreign Equity Bets Need Better Governance appeared first on War on the Rocks .