US Congress passes bill targeting banks over China's Hong Kong security law
World+Biz
02 July, 2020, 10:35 pm
Last modified: 02 July, 2020, 10:38 pm
The bill passed the Senate by unanimous consent, a day after the House of Representatives also passed it without opposition, reflecting concern in Washington over the erosion the autonomy that allowed the former British colony to thrive as China's freest city and an international financial center
The US Capitol during a morning rainstorm, after Congress agreed to a multi-trillion dollar economic stimulus package created in response to the economic fallout from the COVID-19 Coronavirus, on Capitol Hill in Washington, US, March 25, 2020/Reuters
The US Senate passed legislation on Thursday to penalize banks doing business with Chinese officials who implement Beijing's draconian new national security law on Hong Kong, sending it to the White House for President Donald Trump's signature.
The bill passed the Senate by unanimous consent, a day after the House of Representatives also passed it without opposition, reflecting concern in Washington over the erosion the autonomy that allowed the former British colony to thrive as China's freest city and an international financial center.
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