House Republicans Divided Over Competing Bills to Restrict Investment in China
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House Republicans are divided over how to restrict U.S. investment in China, pitting national security priorities against economic concerns.
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House Foreign Affairs Chair Michael McCaul is pushing for legislation to curb capital flows to certain Chinese sectors like AI and quantum computing.
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Financial Services Chair Patrick McHenry wants to use targeted sanctions instead of broader investment restrictions.
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McCaul and McHenry are negotiating a compromise, but may end up putting separate bills on the House floor.
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The business community has high stakes in the outcome due to concerns about new regulations and barriers for U.S. investment in China.