WASHINGTON—U.S. Senator Marco Rubio announced legislation on May 10 that would bar the sale of “sensitive” technology to China and hike some duties and taxes, in the latest move by U.S. lawmakers to clamp down on what they regard as Beijing’s efforts to steal U.S. intellectual property.
Rubio, a Republican member of the Foreign Relations Committee, unveiled the “Fair Trade with China Enforcement Act,” which among other things would bar the sale of national-security-sensitive technology and intellectual property, and increase taxes on multinational corporations’ income from China.
