US: Congress Looks to Quickly Pass Bipartisan Legislation on China Investment Screening

Already, the US-China Business Council, which represents US companies doing business in China, warns that it will make them less competitive. Nevertheless, if the bill is not passed by the July 4 congressional recess, the bill could face more substantial delays due to the US midterm election cycle and may be pushed into 2023 if not added to the fiscal year 2022-2023 National Defense Authorization Act.