Congress is pushing for legislation that could rewrite the rules for U.S. companies investing abroad, offering to test investments in countries like China that are seen as adversaries to protect U.S. technology and restore critical supply chains.
The measure, which is part of broader legislation to boost U.S. competitiveness with China, will require U.S. companies and investors to disclose some new outbound investments and allow the executive to form a new interagency group to review and block investments for national security reasons, Congress said. assistants and revised a bill reviewed Monday by The Wall Street Journal.
Lawmakers urge bipartisans to block new US powers to block US investment in China
Source link Lawmakers urge bipartisans to block new US powers to block US investment in China