Deals
Congress Toughens Foreign Deal Reviews With China in Crosshairs
- Senate approves bill heightening foreign investment scrutiny
- Tech, real estate among industries facing tougher reviews
This article is for subscribers only.
Congress sent President Donald Trump legislation that broadens national-security scrutiny of foreign investments in U.S. firms, imposing new hurdles for technology and real-estate transactions.
The Senate gave final approval to the measure Wednesday on a 87-10 vote, capping months of wangling by lawmakers and administration officials worried about Chinese acquisitions of U.S. technology. It was part of a $717 billion defense policy bill that passed the House last week and which Trump is expected to sign.