House to Consider Sanctions Bill Targeting China, Foreign Banks

Reps. Brad Sherman, D-Calif., and Ted Yoho, R-Fla., will introduce a House version of Senate legislation that would expand U.S. sanctions on Chinese efforts to meddle in Hong Kong’s autonomy (see 2005260031). The House bill, like its Senate companion, would sanction “foreign individuals” and banks supporting Chinese efforts to pass a so-called national security law in Hong Kong, according to a June 1 press release. Sherman applauded the Senate for “moving quickly” to introduce their version of the bill. “Congress must act to support the residents of Hong Kong,” he said in a statement. Yoho said the U.S. must “put pressure on Beijing to honor their past agreements.”