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Trump Decides to Use Updated Law to Restrict Chinese Investment, Drops Executive Action Option

WSJ Original article ›
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U.S. president Trump says he will rely on Congressional legislation on update of the 1980's CFIUS law giving the executive ability to review foreign investment transactions seen as national security risk. This approach was seen as better than executive action after the Trump administration decided this would be sufficient to protect U.S. technology. In addition the Commerce Department will come up with new rules on export of sensitive technology to other countries.



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