Chinese firms, including Huawei, barred from using national security loophole in new bill [FOX News]
ZTE CORP UNSP/ADR (ZTCOY)
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Source: FOX News
closeVideoUK reverses decision to give Huawei role in 5G developmentBritain announces its decision to prohibit the Chinese telecommunication company Huawei, from playing a role in the U.K.’s access to the highspeed, 5G cellular network; Greg Palkot reports.A new bipartisan bill in the will require the Federal Communications Commission (FCC) to hold off on clearing business requests from companies on the commission’s national security threat list, including theSens. Marco Rubio, R-Fla., and Ed Markey, D-Mass., introduced theSecure Equipment Act of 2021According to apress releaseUnder current law, telecommunications carriers are only allowed to take down equipment purchased with federal funds, creating an exploitable loophole."Chinese state-directed companies like Huawei and ZTE pose a serious risk to our national security," Rubio said in the release. "The Chinese Communist Party subsidizes these companies and exploits loopholes in our laws to allow malicious actors to sell compromise
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