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IBM urges lawmakers to 'narrow' bill targeting Chinese investment [Reuters]

INTL BUSINESS MACHINE (IBM)  More Company Research Source: Reuters
Last intl business machine earnings: 4/17 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
PDF IBM urges lawmakers to 'narrow' bill targeting Chinese investment | Reuters 3 Min Read WASHINGTON, Nov 14 (Reuters) - International Business Machines Corp has urged lawmakers to use a different strategy than toughening foreign investment rules because of U.S. concerns about Chinese military actions and intellectual property theft, according to a letter seen by Reuters on Tuesday. In the letter dated Nov. 9 and sent to the bills’ sponsors and co-sponsors, IBM said it was worried the bills would needlessly expand the role of the Committee on Foreign Investment in the United States so that it is bogged down with routine transactions. CFIUS, an inter-agency panel, blocks international deals that could harm U.S. national security. “As drafted, the bill could turn CFIUS into a supra-export control agency, unilaterally limiting the ability of American firms to do business abroad while empowering foreign competitors to capture global markets,” wrote Christopher Padilla, IBM’s vice president f [Read more]

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