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."
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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. The amendment will require U.S. companies to notify federal agencies of outbound investments in Chinese technologies, including semiconductors used in artificial intelligence (AI).
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