WASHINGTON: Lawmakers pushing legislation aimed at preventing China from acquiring sensitive US technology have proposed relaxing elements of the measure after lobbying by high-tech firms but will tighten another portion, according to a draft revision seen by Reuters.
The bill in the Senate and a companion measure in the US House of Representatives would broaden the reach of the inter-agency Committee on Foreign Investment in the United States (CFIUS) in hopes of halting Chinese efforts to acquire sophisticated US technology. The bipartisan legislation has the support of President Donald Trump's administration.