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IBM urges lawmakers to 'narrow' bill targeting Chinese investment

Reuters  |  WASHINGTON 

By Diane BartzWASHINGTON (Reuters) - International Business Machines Corp has urged lawmakers to use a different strategy than toughening foreign investment rules because of U.S. concerns about Chinese military actions and intellectual property theft, according to a letter seen by Reuters on Tuesday.In the letter dated Nov. 9 and sent to the bills' sponsors and co-sponsors, IBM said it was worried the bills would needlessly expand the role of the Committee on Foreign Investment in the United States so that it is bogged down with routine transactions.CFIUS, an inter-agency panel, blocks ...

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First Published: Wed, November 15 2017. 03:25 IST