US lawmakers want Biden to take action on outbound investment to China

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WASHINGTON :A group of lawmakers including House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer and Republican Senator John Cornyn on Tuesday called on U.S. President Joe Biden to issue an executive order on outbound investments to China and others. Congress has been considering legislation that w

WASHINGTON :A group of lawmakers including House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer and Republican Senator John Cornyn on Tuesday called on U.S. President Joe Biden to issue an executive order on outbound investments to China and others.

The lawmakers, including Democrat Bill Pascrell and Republican Brian Fitzpatrick, said in a letter to Biden that as negotiations continue,"our national security cannot afford to wait," and said that the president should take immediate action"to safeguard our national security and supply chain resiliency on outbound investments to foreign adversaries.

 

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