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Senate panel moves to stop Trump from relaxing sanctions on ZTE

May 22, 2018 at 3:40 PM
The Senate Banking Committee on Tuesday approved an amendment to the Foreign Investment Risk Review Modernization Act that would prevent President Trump from modifying sanctions on Chinese telecommunications companies -- including ZTE, which the president has linked to trade talks with Beijing. The amendment from Sen. Chris Van Hollen (D-MD) “would expressly prohibit the President from changing the penalties on Chinese telecommunication companies that have sanctions levied against them until the Administration certifies to Congress that the entity is no...


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