House panel chair seeks info on proposed U.S. order for China investment

By Karen Freifeld WASHINGTON (Reuters) – A top U.S. lawmaker on Thursday asked for more detail on the Biden administration’s proposed executive order on U.S. investments in China, questioning whether the planned restrictions would be effective. Republican U.S. Representative Patrick McHenry, chair of the House of Representatives Committee on Financial Services, sent a letter to Treasury Secretary Janet Yellen, requesting information related to the proposal ahead of Yellen’s June 7 scheduled hearing appearance before the committee. The Biden administration is planning to screen the billions of …

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