A long-sought crackdown on U.S. funding of China’s military and strategic industries is on the verge of becoming law after House lawmakers successfully embedded sweeping outbound-investment restrictions into the National Defense Authorization Act (NDAA).
The House passed the massive $900 billion defense policy bill Wednesday, setting the stage for a Senate vote next week before the measure heads to President Donald Trump’s desk. Backers of the outbound investment curbs — including Republican Rep. Andy Barr of Kentucky — call it the “strongest framework in history” for safeguarding American capital and strengthening national security.
“This legislation takes President Trump’s America First Investment Policy to the next level and puts Beijing on notice,” said Barr, who introduced the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act included in the House version of the NDAA. “Congress is sending a clear message: no more American money for the [Chinese Communist Party] to build missiles aimed at our troops, the next spy balloon that will fly over our communities, or any other product that could harm Americans.”
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