Lawmakers on Capitol Hill have introduced a bill which, if passed, can impose denial orders that ban the export of U.S. components to telecoms companies based in China, including their subsidiaries or affiliates, when in violation of U.S. sanctions or export controls.
The proposed legislation follows the discovery of violations of United States sanctions by telecom giant ZTE. Huawei Technologies has also been a target of recent allegations.
During 2018, ZTE paid penalty payments totalling $1.4 billion to the U.S. government. The company was also forced to make changes to its corporate management before the export ban was finally lifted in AugustRead More