Congress passes bill that could block Chinese firms from listing in U.S.

Congress on Wednesday passed a bill that could prevent Chinese companies from listing on U.S. stock exchanges if they fail to comply with domestic auditing standards, a move likely to ramp up tensions between the nations. The bill, which passed the Senate in May, was approved by the House of Representatives on Wednesday by unanimous voice vote. It needs to be signed into law by President Donald Trump. “Communist China is right now using U.S. stock exchanges to exploit American workers and families — people who put their retirement and college savings in public companies,” Republican Sen. John…

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