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  • NEWS Desk Global

SENATE PASSES TONED-DOWN BILL TO INCREASE OVERSIGHT OF INVESTMENTS IN CHINESE TECHNOLOGY


The Senate overwhelmingly backed legislation Tuesday that would require U.S. firms to notify the Treasury when investing in advanced Chinese technology on national security concerns. That's a toned-down version of the initial Outbound Investment Transparency Act introduced two years ago, which called for restricting investment — and attracted a fair amount of pushback, according to a Senate aide.



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