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A bill sponsored by Sens. Charles Schumer and Tom Cotton is set to be unveiled today and would seek to hobble some of the telecom company's global transactions.
The bill would look to ban U.S. firms' involvement in "significant" transactions with "foreign companies that produce 5G telecommunications technology and engage in industrial espionage," Reuters writes. Because most dollar payments ultimately clear through U.S. financial institutions, that could affect its global business.
Jamie Condliffe ( @jme_c) is the news editor at Protocol, based in London. Prior to joining Protocol in 2019, he worked on the business desk at The New York Times, where he edited the DealBook newsletter and wrote Bits, the weekly tech newsletter. He has previously worked at MIT Technology Review, Gizmodo, and New Scientist, and has held lectureships at the University of Oxford and Imperial College London. He also holds a doctorate in engineering from the University of Oxford.