President Trump signed into law new powers to screen and restrict U.S. investment in Chinese technology firms, marking the most significant effort yet to police how American capital flows into businesses that bolster Beijing’s military and surveillance state. Lawmakers in both parties have grown increasingly concerned that U.S. money and expertise are accelerating China’s advances in cutting-edge technologies. The outbound-investment provisions, part of the annual National Defense Authorization Act, cites entities in China and other countries of concern—including Cuba, North Korea, Venezuela and Russia—that develop “dual-use” technologies with both commercial and military applications. Lawmakers argue that curtailing U.S. investment in those areas is critical to American national-security and foreign-policy interests. “Investments propping up Communist China’s aggression must come to an end,” House Speaker Mike Johnson (R., La.) said earlier this month.

Full report : President Trump signs the annual defense bill with provisions authorizing the president to screen and restrict US financing of Chinese tech companies.