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Pennsylvania Senators From Both Parties Introduce Bill to Restrict Chinese Investment in the Us and Protect Data Security
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In response to the current imbalance in financial regulation between China and the United States, Pennsylvania Senators John Fetterman (Democrat) and Dave McCormick (Republican) recently jointly introduced bipartisan legislation seeking to put a pause on US regulation of Chinese financial institutions. Entitled the "PRC Broker and Investment Advisor Suspension Act" (S. 2552), the bill aims to prevent brokers and investment advisors with ties to …
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