A bipartisan group of U.S. lawmakers have introduced a bill to ban Chinese tech company Huawei and CCP owned 5G companies from accessing the American banking system to prevent espionage.
The bill, co-sponsored by Sen. Tom Cotton (R-Ark.) and Sen. Chris Van Hollen (D-Md.) with the backing of fellow senators like Senate Majority Leader Chuck Schumer, (D-N.Y.), would “severely sanction” Huawei and other “untrustworthy” China-based 5G producers who have been accused of conducting acts of economic espionage in the United States.
Rep. Mike Gallagher (R-Wis.) has introduced companion legislation in the House.
Under the legislation, all American companies would also be forbidden from participating in any significant transactions with foreign firms accused of economic espionage, like Huawei….