WASHINGTON, DC: A top senator is preparing a Bill to ban Chinese companies from United States capital markets if they engage in spying, human rights abuse or support China's military, threatening a financial blow as tensions mount over COVID-19 andRepublican Marco Rubio, a prominent China hardliner, said he plans to unveil the legislation in the coming weeks after the US Department of Defence released a list of 20 companies that it alleges are owned or controlled by the Chinese military.
The Bill will also target companies that support Chinese industrial policy, according to Rubio, who spearheaded successful anti-China initiatives including legislation to sanction Beijing for its repression of Uighur minorities. Roger Robinson, a former White House official who supports curbing Chinese access to US investors, said 13 of the 20 companies designated by the Defence Department last week as backed by the Chinese military have a presence in US capital markets.
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