Deals
China U.S. Buying Spree Prompts Move to Toughen Deal Reviews
- Cornyn, Pittenger said to propose legislation in coming days
- Bill follows Chinese deals for American technology firms
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A rising tide of Chinese deal-making in the U.S. is spurring Congress to propose tighter measures to restrict investments that are increasingly viewed as a threat to America’s national security.
Lawmakers in Washington are moving to broaden the government’s authority to scrutinize overseas investment in the U.S. with bi-partisan legislation set to be proposed in the coming days, according to people familiar with the matter.