U.S. lawmakers are finally taking action against Huawei.
According to a report from The Daily Wire, a group of bipartisan senators has introduced the “NETWORKS Act” in an effort to prevent Chinese telecom giant Huawei from accessing the U.S. financial system.
From The Daily Wire:
The “NETWORKS Act” would impose sanctions on foreign telecommunications companies suspected to be engaged in economic or industrial espionage against American companies. The bill was co-authored by Senator Tom Cotton (R-AR) and Senator Chris Van Hollen (D-MD). Senator Rick Scott (R-FL) and Senate Majority Leader Chuck Schumer (D-NY) co-sponsored the bill.
“We’ve made great strides in recent years at home and abroad in combatting Huawei’s malign attempts to dominate 5G and steal Americans’ data,” Cotton said in a statement. “However, the fight is not finished. Huawei is an arm of Chinese intelligence. We cannot allow Huawei and the Chinese Communist Party to have access to Americans’ personal data and our country’s most sensitive defense systems. We must address the dire threat these Chinese companies pose to our national security.”
“Foreign companies that spy on the U.S. and violate our laws should face severe consequences,” Van Hollen added. “Huawei is a repeat offender. This bipartisan bill will bolster our national defenses by further sanctioning Huawei and other similar bad actors seeking to undermine our security.”
The bill directs the president to use his sanctions authority under International Emergency Economic Powers Act to block foreign individuals from making property transactions in the United States. Specifically, the bill targets “foreign persons” who develop fifth-generation (5G) or future-generation telecommunications technology, and engage in economic or industrial espionage or other illicit activities in the U.S. Limited exceptions are made for the importation of goods.
The Biden Administration has previously investigated Huawei for stealing information from U.S. military bases.
More over at The Daily Wire:
Bipartisan Group Of Senators Introduce Bill To Ban Chinese Telecom Giant Huawei https://t.co/9GAC9n2Hx6 "…would impose sanctions on foreign telecommunications companies suspected to be engaged in economic or industrial espionage against American companies"
— David Mulroney (@David_Mulroney) December 15, 2022
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