– The US Congress is set to vote in the coming days on legislation restricting American investments in China as part of a Bill to fund government operations through mid-March, lawmakers said late on Dec 17.
In October, the Treasury finalised rules effective on Jan 2 that would limit US investments in artificial intelligence and other technology sectors in China that could threaten US national security.
The Bill expands on those restrictions and also includes other provisions aimed at concerns about China, including a requirement to study national security risks posed by Chinese-made consumer routers and modems and mandate reviews of Chinese real estate purchases near additional national security-sensitive sites.
“China is an economic adversary, and we must take bold action to safeguard our future against the Chinese Communist Party,” said Senator Bob Casey, a Democrat.
“This legislation takes bold action to restrict US investments to stop our national security …