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US lawmakers to unveil bill requiring private equity firms to reveal China investment

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Two U.S. senators plan to introduce a bipartisan bill on Thursday that would require private equity firms to make public how much they invest in China and other countries of concern.

U.S. Senator Bob Casey delivers remarks at the Belmont Water Treatment Center during a visit to Philadelphia, Pennsylvania, U.S., February 3, 2023. REUTERS/Elizabeth FrantzNov 9 -

"The American people deserve to know where and how their savings are being invested," Casey said in a statement. U.S. private investment firms have poured more than $80 billion into China between 2018 and 2022, some via pension plans, according to Casey's office.

 

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