Political and Legislative

Biden Administration Considers Changing Trump-Era China Securities Ban

The Biden administration is considering changes to Trump-era rules aimed at barring China-based companies with links to that country’s military from U.S. stock exchanges, according to comments from a Justice Department lawyer in court on Monday.

The comments from DOJ lawyer Joseph Borson came during D.C. District Court arguments over a challenge to the Pentagon’s move last year to impose a prohibition on securities transactions in companies found to be affiliated with China’s communist government and military. Two of the listed companies targeted by the action have sued in response, and the lawsuits have become a growing problem for Biden’s Justice Department.

Read the source article at Politics, Policy, Political News

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