Photographer: Michael Nagle/Bloomberg

Politics

Updated on

  • Trump expected to sign measure, which Senate previously passed

  • Bill would give companies at least three years to comply

The U.S. House of Representatives approved legislation that could ultimately lead to Chinese companies -- including behemoths like Alibaba Group Holding Ltd. and Baidu Inc. -- getting kicked off American exchanges if regulators aren’t allowed to review their financial audits.

The legislation won bipartisan support in the House after easily clearing the U.S. Senate in May. Its passage now sends the bill to President Donald Trump, who is expected to sign it, in his administration’s latest parting shot at Beijing.

Write us

Find us at the office

Blotner- Kwas street no. 55, 39246 Canberra, Australia

Give us a ring

Dymon Rothfuss
+78 715 483 676
Mon - Fri, 10:00-22:00

Write us