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Lawmakers Make Bipartisan Push for New Government Powers to Block U.S. Investments in China

Congress is urgent forward with laws that would rewrite the foundations for American firms investing overseas, proposing the screening of investments in nations like China seen as adversaries to defend U.S. applied sciences and rebuild essential provide chains.

The measure, a part of broader laws to bolster U.S. competitiveness with China, would require American firms and traders to disclose sure new outbound investments and authorize the manager department to type a brand new interagency panel to evaluate and block investments on nationwide safety grounds, in accordance to congressional aides and a revised draft of the invoice reviewed Monday by The Wall Street Journal.