That would be a significant broadening of America’s existing power when it comes to foreign investment. The United States has already thwarted some Chinese investments, and the new rules could potentially prevent Chinese firms from investing in a wider range of deals. In his March 22 announcement of the China trade measure, Mr. Trump said the Treasury Department would finalize the investment restrictions within 60 days. Mr. Trump has already wielded the power the Committee on Foreign Investment in the United States grants him to block foreign transactions. Congress has been considering legislation that would expand the powers of the Committee on Foreign Investment in the United States, but has been moving slowly.

Source: New York Times March 28, 2018 23:03 UTC