In a statement issued by the White House on the same day, Trump stated that the Secretary of the Treasury, the Secretary of Commerce, the U.S. Trade Representative and others all suggested to him that the “Foreign Investment Risk Assessment Modernization Act” under consideration by Congress is protecting American key technologies from foreign acquisitions. Made significant progress.
Trump stated that after reviewing the current version of the bill and consulting with the advisors team and many lawmakers, he believes that this piece of legislation will provide additional tools to counter threats to the U.S. key technology leadership, national security and future economic prosperity. Predatory investment behavior'.
The statement said that after the legislation comes into effect, Trump will instruct the administrative department to implement it promptly to solve the problem of the foreign government’s directive to invest in key technologies in the United States as found in the '301 investigation'. If the National Assembly fails to pass relevant laws, Trump The U.S. report will instruct the administration to respond to new policy tools for all countries in the world.
At present, both houses of the United States and Senate have passed their respective versions of the "Law on Modernization of Foreign Investment Risk Assessment". However, the two houses are still required to negotiate to bridge the differences between the two versions. After the final version is submitted, the president will sign and formally become effective. .