Congress Drops Bid To Crack Down On ZTE Over Iran Sanctions Violations
Congressional aides say legislators are abandoning an effort to crack down on Chinese telecom giant ZTE, deferring to a White House deal to save the company despite accusations that it violated U.S. sanctions and sold sensitive technology to Iran and North Korea. A provision reimposing tough sanctions on the company on July 20 was dropped from a massive defense policy bill that House and Senate negotiators are drafting, provoking outrage from senators who had sponsored the Senate's provision to get tough on the company. ZTE was almost ...
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