Views on proposed legislation to screen foreign investment in China

“Creating an outbound investment review mechanism is a critical tool as Congress works to provide guardrails on taxpayer funds and safeguard our supply chains from countries of concern, including the People’s Republic of China.”

~ Sens. Bob Casey (D., Pa.) and John Cornyn (R., Texas) who sponsored the bill and five House members

“The bill stretches the concept of national security and abuses state power. It runs severely against market competition and other international economic and trade rules that the U.S. claims to value.”

~ Liu Pengyu, Chinese embassy spokesman in Washington, DC

"The push to regulate U.S. business activity abroad reflects the solidifying consensus in Washington that China aims to supplant U.S. global leadership and that American capital and expertise are aiding the buildup of Chinese military and economic power."

~ Kate O'Keeffe and Natalie Andrews, The Wall Street Journal

~ "Lawmakers Make Bipartisan Push for New Government Powers to Block U.S. Investments in China: Draft measure in Congress intends to limit U.S. involvement in China’s technology sector, rebuild supply chains," by Kate O'Keeffe and Natalie Andrews, The Wall Street Journal, June 14, 2022