House Bill Aims to Ban Blacklisted Chinese Companies From US Capital Markets

House Bill Aims to Ban Blacklisted Chinese Companies From US Capital Markets
Rep. Liz Cheney (R-Wyo.) speaks during a news conference at the Capitol in Washington on July 21, 2020. Samuel Corum/Getty Images
Frank Fang
Frank Fang
Reporter
|Updated:

Three Republican congress members have introduced a bill that would ban blacklisted Chinese companies and their affiliates from accessing U.S. capital markets.

The legislation, known as the American Financial Markets Integrity and Security Act, would apply to Chinese companies that have been named in either the commerce department’s “entity list” or the defense department’s list of Chinese companies that are owned or controlled by the Chinese military.

Frank Fang
Frank Fang
Reporter
Frank Fang is a Taiwan-based reporter. He covers U.S., China, and Taiwan news. He holds a master's degree in materials science from Tsinghua University in Taiwan.
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