Rep. Mike Gallagher, R-Wisc., says President Joe Biden's executive order banning some U.S. investments in Chinese technology should go further.He contends that too much authority to craft the rules belongs to the Treasury Department.
The Wisconsin Republican is the chairman of the House Select Committee on the Chinese Communist Party and a leading voice in the House on the risks of U.S. investment in China. Gallagher argued that investment restrictions can be used both defensively for national security, and as a weapon to weaken China's economic stature and its military capabilities by cutting off funds.
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