China begins to take control of U.S. banks.

[Jimbone]

What are your primary objections to it?

I believe it threatens the US sovereignty a bit... it restricts certain ship movements that could hamper national security and it would impose taxes on economic activity that is currently not taxed. Those taxes aren't paid to the US... they are paid to an international body that decides how they are levied and how they will be spent.

That said, it will likely get ratified eventually. It use seems like one of those useless treaties that isn't really needed. :/