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China-Sanctions Bill on Hong Kong Law Passed by U.S. House

  • Senate will need to act again on measure to send to Trump
  • Bill would penalize banks linked to officials in Hong Kong
Bloomberg business news
U.S. House Passes China-Sanctions Bill on Hong Kong Law
Updated on

The U.S. House of Representatives passed by unanimous consent a bill imposing sanctions on banks that do business with Chinese officials involved in cracking down on pro-democracy protesters in Hong Kong.

The bill, which is similar but not identical to a measure passed by the Senate last week, would have to be approved by the Senate before going to President Donald Trump for his signature. That likely will come on Thursday.