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Mnuchin Seeks Greater Scrutiny of Chinese Investments in U.S.

  • Russia, Iran, North Korea also targeted for greater review
  • Treasury secretary has discussed approach with Congress
Bloomberg business news

Why Mnuchin Wants Greater Scrutiny of Chinese Investments

The U.S. Treasury Department wants to include China among a proposed group of hostile nations whose companies would undergo extra scrutiny for national security risks if they seek to buy stakes in American corporations, according to an administration official.

Russian, Iranian and North Korean firms would also be subject to more extensive review by a panel called the Committee on Foreign Investments in the United States if they seek to merge, acquire or participate in joint ventures with American companies, said the official, who requested anonymity because the proposal isn’t final.