U.S. House bill targets banks amid fears over China law for Hong Kong

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The House of Representatives passed legislation that would penalize banks doing business with Chinese officials who implement Beijing's new national security law imposed on the former British colony of Hong Kong

WASHINGTON - The U.S. House of Representatives passed legislation on Wednesday that would penalize banks doing business with Chinese officials who implement Beijing’s draconian new national security law imposed on the former British colony of Hong Kong.

Hong Kong returned to Chinese rule in 1997 under a “one country, two systems” formula that protected its freedoms, including an independent legal system, and wide-ranging autonomy. But China on Tuesday introduced sweeping national security legislation for the city, condemned by the United States, Britain and other Western countries.

The law punishes crimes of secession, subversion, terrorism and collusion with foreign forces with up to life in prison, will see mainland security agencies in Hong Kong for the first time and allows extradition to the mainland for trial. House Speaker Nancy Pelosi made an unusual appearance at a committee hearing on the situation in Hong Kong to say the security law marked the death of the “one country, two systems” principle.

 

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So essentially that's all Chinese Officials. Because which Chinese Official worth the name - Chinese Official - would hesitate to implement the national security law?

アメリカ合衆国は本気です、新型コロナウイルスで亡くなられた数多くは甚大です…

成る程🤔💭

bsgies

And thank you for the USA to help us anti-corruption. If you know the name of the officials doing such thing pls send us the list.

Lol. If any Chinese officers doing business with American banks he will be arrested immediately. Just useless move.

WOW! An all new low.

Finally did something right

Where’s Hunter Biden? This should affect him.

ΠαίδωνΑγιαΣοφια2 ChildrenAgiaSofia Greece PrimeministerGR Vkikilias

yes, former British colony, now a once-planned American colony

Good!

dozens of people killed in jade mine landslide

You know how you know it's toothless legislation? They passed it. Unanimously. There's a reason that usually just for naming a new Post Office.

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