stripes - Biden administration expands Trump-era order by banning US investment in Chinese companies tied to the military or surveillance technology
by WASHINGTON — The Biden administration is expanding a Trump-era order that banned U.S. investment in Chinese companies that it said support China's military to include those selling surveillance technology, calling the entities a threat to U.S. interests and values. A new executive order Thursday broadens prohibitions that the Trump administration enacted and moves authority for the ban to the Treasury Department, from the Defense Department, to give it stronger legal grounding, senior administration officials said. They spoke on the condition of anonymity to preview the order before i...
Source: stripes.com
