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U.S. lawmakers to unveil bill banning investment in firms tied to China's military -document [Reuters (UK)]

Luckin Coffee Inc. (LK) 
Last luckin coffee inc. earnings: 11/13 06:00 am Check Earnings Report
Company Research Source: Reuters
U.S. lawmakers to unveil bill banning investment in firms tied to China's military: document - Reuters 3 Min Read WASHINGTON (Reuters) - A group of Republican lawmakers plans to unveil legislation this week to keep Americans from investing in foreign defense 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 defense companies that have “substantial contracts with, ties to, or support from” the Chinese military. Six months after the report is issued, American companies and citizens would be required to divest from those firms and would be banned from making new investments in them. “On one hand, Congress is asking taxpayers to help grow our military so we can compete with China. On the Show less Read more
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