Senate Targets US Investments in China Through Key Defense Bill
The US Capitol in Washington, DC.
Photographer: Ting Shen/BloombergThis article is for subscribers only.
The Senate attached a measure to the annual defense policy bill that would subject some US investments in China to new requirements, complementing restrictions being weighed by the Biden administration amid increased concern in Washington over China’s development of advanced technology.
The measure, approved 91 to 6 on Tuesday, would require firms to notify the government about certain investments in China and other countries of concern, although they wouldn’t be subject to review or possible prohibition.