The U.S. House of Representatives passed legislation on Wednesday that would penalize banks doing business with Chinese officials who implement a national security law that House Speaker Nancy Pelosi called a 'brutal, sweeping crackdown' on Hong Kong.
FILE PHOTO: The U.S. Capitol Building is seen before U.S. President Donald Trump is expected to deliver the State of the Union address on Capitol Hill in Washington, U.S., February 4, 2020. REUTERS/Joshua Roberts
The measure passed by unanimous consent, reflecting concern in Washington over China’s enactment of a security law seen as ending the autonomy that allowed the former British colony to thrive as an international financial center. Earlier, 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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