• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
China

U.S. Tech Transfers to China Targeted in New Security Bill

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
January 5, 2019, 12:00 PM ET

The U.S. Hasn’t done enough to counter the use of technology transfers and supply chain infiltration from countries like China, leading to a grave national security risk, according to two U.S. Senators.

To guard against state-sponsored technology theft and risks to supply chains that provide technology to U.S. Consumers, Senators Mark Warner and Marco Rubio are proposing legislation that would require the White House to establish the “Office of Critical Technologies and Security.”

“It is clear that China is determined to use every tool in its arsenal to surpass the United States technologically and dominate us economically,” said Warner, a Virginia Democrat, in a statement Friday. “We need a whole-of-government technology strategy to protect U.S. Competitiveness in emerging and dual-use technologies and address the Chinese threat.”

The bill would add to a broader effort by the Trump administration to clamp down on what it says is China’s aggressive strategy to boost its technological know-how, often at the expense of U.S. Companies. Last year Trump signed a measure to heighten scrutiny of Chinese investment in the U.S. And is considering tighter controls on exports of American technology.

China’s technology transfers are a significant national security risk, the senators said in the statement, adding that the U.S. Is also facing major challenges to the integrity of key supply chains as a result of reliance on foreign products.

“China continues to conduct a coordinated assault on U.S. Intellectual property, U.S. Businesses, and our government networks and information with the full backing of the Chinese Communist Party,” Rubio, a Republican from Florida, said in the statement. “The United States needs a more coordinated approach to directly counter this critical threat and ensure we better protect U.S. Technology.”

The statement also warns about acquiring foreign products, such as those manufactured by Chinese telecommunications companies ZTE Corp. And Huawei Technologies Co., which have come under fire in the U.S. As threats to national security.

Both companies are barred from U.S. Government procurement contracts and Huawei’s Chief Financial Officer Meng Wanzhou was arrested in Canada in December on allegations she defrauded banks to violate Iranian sanctions. The daughter of Huawei’s billionaire founder Ren Zhengfei, she now faces extradition to the U.S. In a case that’s heightened tensions between the U.S. And China as the two countries face off in a trade war.

About the Author
By Bloomberg
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

macron
InvestingMarkets
Emmanuel Macron’s ‘Top Gun’ aviator glasses in Davos drive obscure Italian stock up nearly 30%
By Nick LichtenbergJanuary 22, 2026
9 hours ago
Donald Trump signe son livre "The art of the deal".
PoliticsDonald Trump
Trump’s Greenland gambit followed a familiar playbook—one he wrote himself
By Eva RoytburgJanuary 22, 2026
9 hours ago
sternfels
CommentaryConsulting
AI makes human intelligence more important, not less 
By Bob Sternfels and Lucy PerezJanuary 22, 2026
10 hours ago
Building with a Deloitte company sign
Future of WorkConsulting
Deloitte to scrap traditional job titles as AI ushers in a ‘modernization’ of the Big Four
By Jake AngeloJanuary 22, 2026
10 hours ago
Sheinbaum
North AmericaCrime
‘El Botox,’ cartel leader of White Trojans, arrested in western Mexico, authorities say
By Fabiola Sánchez and The Associated PressJanuary 22, 2026
11 hours ago
Texas
EconomyTexas
Everything’s bigger in Texas, including the number of people moving out
By Mike Schneider and The Associated PressJanuary 22, 2026
11 hours ago

Most Popular

placeholder alt text
Economy
'Some form of crisis is almost inevitable': The $38 trillion national debt will soon be growing faster than the U.S. economy itself, watchdog warns
By Nick LichtenbergJanuary 22, 2026
11 hours ago
placeholder alt text
Success
Nvidia CEO Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction are about to be unlocked because someone needs to build all these new AI centers
By Preston ForeJanuary 21, 2026
2 days ago
placeholder alt text
Politics
Jamie Dimon tells Davos: ‘You didn’t do a particularly good job making the world a better place’
By Eleanor PringleJanuary 21, 2026
2 days ago
placeholder alt text
Economy
Jamie Dimon says he’d have no issue paying higher taxes if it actually went to people who need it. Right now it just goes to the Washington ‘swamp’
By Eleanor PringleJanuary 21, 2026
2 days ago
placeholder alt text
AI
Elon Musk says that in 10 to 20 years, work will be optional and money will be irrelevant thanks to AI and robotics
By Sasha RogelbergJanuary 19, 2026
4 days ago
placeholder alt text
Energy
Elon Musk warns the U.S. could soon be producing more chips than we can turn on. And China doesn’t have the same issue
By Sasha RogelbergJanuary 22, 2026
11 hours ago

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.