WASHINGTON, DC: The US Congress on Thursday (Jul 2) passed tough new sanctions that target banks over violations of Hong Kong's autonomy, dialing ...
Police detain people on a bus after they clear protesters taking part in a rally against a new national security law in Hong Kong. WASHINGTON, DC: The US Congress on Thursday passed tough new sanctions that target banks over violations of Hong Kong's autonomy, dialing up the pressure on China over the harsh security law it imposed on the financial hub.
"We will not stand still and silent and do nothing while they crack down on freedom in Hong Kong," he said on the Senate floor. The new legislation targets Chinese officials as well as the Hong Kong police, making US sanctions against them mandatory if they are identified in two consecutive government reports as working to restrict Hong Kong's freedoms.Senator Pat Toomey, a Republican who teamed up with Van Hollen on the legislation, acknowledged that some members of the administration opposed curbs on presidential power but said he had kept in close touch with the White House.
"If a Chinese bank decides that they value doing business with the oppressors more than they value access to engage in US dollar transactions or US Treasury transactions, then they can make that decision," he said. "They have a lot of discretion now in how they move forward, and this legislation says we're watching this process closely and there will be a price to pay for snuffing out people's rights," he told reporters.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US lawmakers seek more action on Hong Kong after arrestsWASHINGTON, DC: US lawmakers on Wednesday (Jul 1) urged further action against China over its imposition of a security law in Hong Kong, where ...
Read more »
Sanctions Bill on Hong Kong law passed by US HouseWASHINGTON (BLOOMBERG) - The US House of Representatives passed by unanimous consent a Bill imposing sanctions on banks that do business with Chinese officials involved in cracking down on pro-democracy protesters in Hong Kong.. Read more at straitstimes.com.
Read more »
US House moves to toughen sanctions over Hong Kong lawThe US House of Representatives agreed unanimously Wednesday to seek tough sanctions on Chinese officials and Hong Kong police after Beijing imposed a security law that clamps down on the city. After a day in which Hong Kong authorities arrested hundreds of protesters, the House quickly passed the act
Read more »
US Congress passes Bill targeting banks over China's Hong Kong security lawWASHINGTON (REUTERS) - The US Senate passed legislation on Thursday (July 2) to penalise 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.. Read more at straitstimes.com.
Read more »
Amazon, Apple, Facebook, Google CEOs to testify in US Congress over antitrust issuesWASHINGTON (NYTIMES) - The chief executives of four of the world's biggest technology companies will appear before Congress this month as part of its sweeping antitrust investigation into their market power, according to the committee running the inquiry, setting up a high-profile faceoff between the companies and skeptical lawmakers.. Read more at straitstimes.com.
Read more »
South Korea calls for US-North Korea summit before US electionSEOUL (REUTERS) - South Korean President Moon Jae-in has said US President Donald Trump and North Korean leader Kim Jong Un should meet again before the US presidential election in November, a Seoul official told reporters on Wednesday (July 1).. Read more at straitstimes.com.
Read more »