One key issue on the table in Congress is how to regulate American investments in the Chinese economy — and Republicans, after taking a hard line, may be going soft. Nightly reports 👇
— Republicans in Congress love to talk tough on China — tougher, they’d emphasize, than Democrats and President Joe Biden.On the table is how to regulate American investments in the Chinese economy. Defense officials have warned for years that U.S. banks are helping fuel Beijing’s military rise by pouring money into Chinese firms that turn around and give their tech to the People’s Liberation Army.
For a while, it seemed like many Republicans were on board, with powerful members like House Foreign Affairs Chairman Michael McCaul and Sen. John Cornyn signing on to bills that would codify the new outbound investment review board into law. McCaul and liberal Rep. Rosa DeLauro But in recent months, that momentum has slowed.
Meanwhile, House GOP support for outbound investment review is faltering under the opposition from Rep. Patrick McHenry and other Wall Street-aligned lawmakers. McHenry has made clear that he views any new government review board as an unacceptable expansion of federal power, and reiterated that to POLITICO this week, calling it a “terrible idea” that “won’t work.”
“The approach I’m trying to persuade my colleagues to pursue is sanctions and not a clunky bureaucratic outbound capital regime,” he told POLITICO this week. “I think I’ve gotten more buy in for that approach.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
'Mission: Impossible — Dead Reckoning Part One' Beats the 'Part One' Curse'Dead Reckoning Part One' doesn't cheat the viewer with half of a story.
Leer más »
‘I’m kind of pro-China’: Elon Musk sees role for China in writing AI rulesTwitter owner Elon Musk said Wednesday he has an optimistic outlook of China’s future and believes the communist country is ready to help write international rules for artificial intelligence.
Leer más »
Not-so-free speech: 'Pro-China' Elon Musk endorses AI governance alongside ChinaEntrepreneur Elon Musk has become a conservative hero via his purchase of Twitter and unveiling of prior censorship by the social media giant. Musk again underlined his appeal here on Thursday, tweeting his support for House Republicans in their oversight of speech issues.
Leer más »
How China will land astronauts on the moon by 2030The plan involves two launches, one for the lunar lander and one for the crew.
Leer más »
Iowa Republicans pass bill banning most abortions after about 6 weeks, governor to sign on FridayIowa’s Republican-led Legislature passed a bill banning most abortions after roughly six weeks of pregnancy during a marathon special session Tuesday that continued late into the night. Gov. Kim Reynolds immediately said in a statement she would sign the bill on Friday. Just after 11 p.m., lingering protesters in the gallery booed and yelled “shame” to state senators in the minutes after the bill was approved.
Leer más »