Lawmakers Push Biden to Order Screening of US Investments in China

Bid to protect 'exposed' US supply chains

US House Speaker Nancy Pelosi (D-Calif.) delivers remarks as Senate Minority Leader Sen. Chuck Schumer (D-N.Y.) looks on during an event on the South Lawn of the White House in Washington, DC, on September 13, 2022. Mandel NGAN / AFPvia Getty Images

A bipartisan group of U.S. House and Senate lawmakers urged President Joe Biden to issue an executive order to increase the screening of investments by U.S. companies in foreign adversaries, particularly China.

An executive order controlling U.S. investment abroad would “safeguard our national security and supply chain resiliency on outbound investments to foreign adversaries,” eight senators wrote in a Sept. 27 letter (pdf) to Biden.