Schumer Statement On Passage Of Legislation To Prevent The President From Backing Off Sanctions On ZTE

Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement on the Senate Banking Committee’s passage of legislation to combat the president’s soft approach on Chinese telecom company, ZTE: 

“When I spoke to the president and his advisers last week, I told them that backing off on ZTE would be a huge mistake. It would be bad for our national and economic security, as well as show President Xi that we are weak negotiators.

“If the president and his team won’t follow through on tough sanctions against ZTE, it’s up to Congress to ensure that it happens. Both parties have come together today to strongly rebuke ZTE and the administration’s soft approach. This critical legislation along with the CFIUS reforms that it was added to are huge steps forward in our fight against the Chinese, and we should pass this legislation on the floor immediately.”

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