Biden Administration Revises and Expands Restrictions on US Person Investment in Chinese Companies and Releases New List of “Chinese Military Companies” Under 2021 NDAA Section 1260H

During their individual confirmation hearings, most of these key Biden Administration nominees told skeptical US Senators that they were all committed to “being tough on China,” including with respect to US equity investments in Chinese companies. In addition, Congress is currently considering a veritable “tsunami of legislation” targeting China (to use the recent description of the US-China Business Council), including new measures that could further expand restrictions on US person investment in Chinese companies or otherwise affect US-China business relationships.