Republican lawmakers to unveil bill banning investment in firms tied to China’s military [Toronto Globe and Mail (Ontario, Canada)]
Luckin Coffee Inc. (LK)
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Source: Toronto Globe and Mail
Republican lawmakers to unveil bill banning investment in firms tied to China’s military Military delegates arrive for the closing session of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, Thursday, May 28, 2020. Mark Schiefelbein/The Associated Press Military delegates arrive for the closing session of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, Thursday, May 28, 2020. A group of Republican lawmakers plans to unveil legislation this week to keep Americans from investing in foreign defence companies with ties to China’s military, according to a document seen by Reuters, the latest in a string of measures aimed at curbing U.S. funding for China-based firms. Representatives Mike Gallagher, Jim Banks and Doug LaMalfa plan to introduce the bill, which would require Treasury Secretary Steve Mnuchin to submit a report to Congress listing foreign defence companies that have “substantial contracts with, ties to,
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