U.S. investors in Chinese tech firms would be required to report their stakes within two weeks to the Treasury Department, under a Senate-passed amendment.
Fox News senior strategic analyst Gen. Jack Keane discusses the administration reportedly considering lifting sanctions on Chinese police stations, Biden's handling of China and Trump's response to Europe's lack of Ukraine aid.
U.S. investors of Chinese tech companies will have to report their stakes within two weeks to the Treasury Department, per a newThe move also requires investors to report their investments to other "countries of concern," like Russia, North Korea and Iran. The Senate overwhelmingly approved the measure, authored by Sens. Bob Casey D-Pa., and John Cornyn R-Texas, as an amendment to the National Defense Authorization Act , which lawmakers are in the thick of negotiations hoping to wrap up by Thursday before the five-week August recess.
Sens. Bob Casey, D-PA, and John Cornyn, R-TX, authored a bill to require U.S. investors of Chinese tech companies to report their stakes to the Treasury Department within two weeks.and Russia, their capital, intellectual property, and innovation can fall into the wrong hands and be weaponized against us," Cornyn said in a statement to Fox News Digital.
"This bill would increase the visibility of these investments, which will help the U.S. gather the information needed to better evaluate our national security vulnerabilities, confront threats from our adversaries, and remain competitive on the global stage."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Senate passes toned-down bill to increase oversight of investments in Chinese technologyThis rare bipartisan agreement underscores U.S. worries over China's development of advanced technology in an intensifying global battle for tech supremacy.
Baca lebih lajut »
US Senate wants companies to report investments in Chinese technologiesThe senators behind the bill said these measures would make it so that regulators can understand how much “critical technology” is being transferred outside the United States.
Baca lebih lajut »
US willing to take 'targeted' actions against China for national security, Treasury official saysU.S. Treasury Undersecretary Jay Shambaugh said on Wednesday the Biden administration will not hesitate to take targeted actions against China to secure the national security interests of the U.S. and its allies and to protect human rights, but added that the two countries must cooperate on global challenges.
Baca lebih lajut »
US Senate backs measure requiring reporting on China tech investmentsThe U.S. Senate overwhelmingly backed legislation on Tuesday that would require U.S. companies to notify federal agencies of investments in Chinese technologies such as semiconductors and artificial intelligence.
Baca lebih lajut »
Senate votes to keep China from buying US farmlandThe Senate voted overwhelmingly to include an amendment to prevent future purchases of American agricultural land by foreign adversaries to the must-pass annual national defense bill on Tuesday.
Baca lebih lajut »