Lawmakers circulate revised text in push for China investment bill

Senior lawmakers in both chambers are scrambling to reach a compromise on legislation limiting U.S. investments in China as negotiators are working off a newer version of the draft bill that would take a more business-friendly approach.

Lawmakers have made a renewed push to reach a deal on so-called outbound investment since House Financial Services Chair Patrick McHenry (R-N.C.) successfully fought to keep it out of must-pass defense legislation last year. Now, leaders are holding eleventh-hour bicameral talks in hopes of including a compromise in this year’s National Defense Authorization Act.

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