US lawmakers seek to curb Huawei’s access to US banks – document – Finance – Security – Telco/ISP

US lawmakers prepare to unveil a monthly bill on Thursday that could be utilized to block Huawei Technologies Ltd from accessing US banking institutions for specific transactions, in a bid to thwart the Chinese telecoms huge amid frustration about the failure of prior sanctions to control its enterprise.

The monthly bill, with sponsors which include top rated Senate Democrat Charles Schumer, Republican Senator Tom Cotton and House Republican Mike Gallagher, would ban US corporations from getting part in “considerable” transactions with foreign corporations that generate 5G telecommunications engineering and interact in industrial espionage.

If the monthly bill were being passed

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