Order will be unveiled amid calls for the Biden administration to crack down on firms with ties to the Chinese military
By Thomas Barrabi
Fox News
President Biden will issue an executive order later this week altering a Trump-era ban on U.S. firms making investments in companies with ties to the Chinese military, according to a report Wednesday.
Under Biden’s directive, the Treasury Department will be tasked with compiling a list of companies at risk of penalties for ties to China’s defense and surveillance technology sectors, Bloomberg reported, citing sources familiar with the matter. The order will mark a change from Trump’s policy, which tasked the Defense Department with tracking potential violations.
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https://www.foxnews.com/politics/biden-alter-trump-order-us-investments-chinese-military-firms
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