Though a number of US senators have been seeking to block President Trump's deal with ZTE that lets the Chinese firm circumvent sanctions put into place by US officials earlier this year, they have now backed off on that effort. In June, the Senate passed a version of the National Defense Authorization Act that reinstated sanctions against ZTE and would effectively nullify the president's and Commerce Department's deal with the firm. However, the House of Representatives passed a version of the bill without such language and the two chambers have been working on a compromise bill that marries each of their versions. Senators have now decided to abandon the ZTE sanctions in exchange for more oversight for the Committee on Foreign Investment in the US (CFIUS).
Via: Washington Post
Senate gives up on ZTE sanctions posted first on https://www.engadget.com
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