Scoop: Anti-China investment bill gets pro-business changes

Cornyn and Feinstein
Cornyn and Feinstein. Photo: Tom Williams / CQ Roll Call

A new version of a foreign investment oversight bill championed by Sens. John Cornyn and Dianne Feinstein allows certain countries that are "strategic partners" of the U.S. to be exempt from review, according to a source familiar with the negotiations.

Why it matters: The changes show effort to alleviate concerns of American companies that feared the original bill's reach was too broad and would hurt business.