U.S. congressional negotiators reach deal on defence policy bill

WASHINGTON (Reuters) - U.S. Senate and House negotiators reached agreement on Monday on a $716 billion defence policy bill, which includes provisions on tightening foreign investment scrutiny and telecommunications security in addition to authorizing military funding. The deal on the fiscal-year 2019 National Defense Authorization Act was announced by the leaders of the Senate and House of Representatives Armed Services committees

Reuters July 24, 2018 07:05:36 IST
U.S. congressional negotiators reach deal on defence policy bill

US congressional negotiators reach deal on defence policy bill

WASHINGTON (Reuters) - U.S. Senate and House negotiators reached agreement on Monday on a $716 billion defence policy bill, which includes provisions on tightening foreign investment scrutiny and telecommunications security in addition to authorizing military funding.

The deal on the fiscal-year 2019 National Defense Authorization Act was announced by the leaders of the Senate and House of Representatives Armed Services committees. It must still be passed by the full House and Senate and signed by President Donald Trump to become law.

The legislation would prohibit the U.S. government from using technology from Chinese telecommunications companies ZTE Corp <000063.SZ> or Huawei Technologies Co Ltd [HWT.UL] because of national security concerns.

Last week, lawmakers cut from the bill measures that would have reinstated sanctions on ZTE, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.

The bill also would strengthen the Committee on Foreign Investment in the United States, which assesses deals to ensure they do not compromise national security. It would expand the scope of transactions reviewed by the interagency panel to address security concerns.

The legislation would authorize spending $7.6 billion for 77 F-35 Joint Strike Fighter jets, made by Lockheed Martin Corp .

But it would prohibit delivery of the advanced aircraft to fellow NATO-member Turkey. U.S. officials have warned Ankara that the Russian system cannot be integrated into the NATO air and missile defence system.

(Reporting by Eric Beech; Editing by Peter Cooney)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Oil rises 2% as OPEC complies with production cuts
Business

Oil rises 2% as OPEC complies with production cuts

By Jessica Resnick-Ault NEW YORK (Reuters) - Oil prices strengthened on Wednesday, as OPEC and its allies were seen complying with a pact to cut oil supply in September, even as concerns loomed that recovery in fuel demand will be stalled by soaring global coronavirus cases. Early in the day crude was boosted by a bullish stock market. Even as equities whipsawed on pandemic worries, oil stayed higher, buoyed by expectations that OPEC could staunch a supply glut

Tesla's back-to-back price cuts bring sticker on U.S. Model S below $70,000
Business

Tesla's back-to-back price cuts bring sticker on U.S. Model S below $70,000

By Tina Bellon and C Nivedita (Reuters) - Tesla Inc will further cut the price of its Model S "Long Range" sedan in the United States to $69,420, the electric carmaker's chief executive, Elon Musk, announced in a tweet https://bit.ly/2H0JCP0 on Wednesday. The anticipated drop marks the second time this week Tesla has cut the price for the high-end sedan, following a 4% cut of the Model S's price in the United States on Tuesday to $71,990.

Trump cites teenaged son's bout with coronavirus in calling for schools to reopen
World

Trump cites teenaged son's bout with coronavirus in calling for schools to reopen

By Jeff Mason DES MOINES, Iowa (Reuters) - Under siege over his handling of the novel coronavirus pandemic, President Donald Trump on Wednesday cited what he said was his son's mild bout of the virus as a reason why American schools should reopen as soon as possible. Trump made the comment about his son, Barron, as the president swept into Iowa on a mission to shore up support in battleground states that he won in 2016 but is in danger of losing to Democrat Joe Biden barely three weeks before the election. First lady Melania Trump announced in a statement earlier in the day that the virus that struck both her and her husband had also infected their 14-year-old son