Dec 10, 2024 - Politics & Policy

China investment fight revived

Stef W. Kight

This is Hakeem Jeffries — Photo: Kent Nishimura/Getty Images

Congressional leaders are working to push through restrictions on U.S. investments in China before the end of the year, likely by attaching it to the short-term government spending stopgap.

Why it matters: House Democratic Leader Hakeem Jeffries (D-N.Y.) blocked the bipartisan measures from being included in the National Defense Authorization Act text, which was released over the weekend.

What they're saying: Incoming Senate Majority Leader John Thune (R-S.D.) told Axios that he's "hopeful" the restrictions still will get done this year and there is an effort to get the measure back after they were removed from the NDAA.

"I understand over the last day, Leader Jeffries has listened to the voice of reason and come back to the negotiating table," Sen. John Cornyn (R-Texas) said on the Senate floor on Tuesday.
House Speaker Mike Johnson (R-La.) said in a statement on Saturday that the goal for the outgoing investment measures is "passage before the end of the year."
A Jeffries aide confirmed the high-level discussions are ongoing.

Add Axios on Google

China investment fight revived

What to read next