ibusinesslines.com
ibusinesslines.com October 18, 2018


Trump's ZTE deal challenged by Senate

13 June 2018, 12:29 | Kelvin Horton

Trump's ZTE deal challenged by Senate

ZTE agrees to pay $1.4 billion fine to US government

ZTE said Tuesday it will resume operating activities affected by the ban "as soon as practicable".

Democratic and Republican lawmakers have said they believe ZTE's sales to Iran represent particularly "dangerous" breaches of USA national security.

According to the agreement, ZTE will pay the US$400-million in escrow into a USA bank account for 10 years and hire an independent special compliance co-ordinator to monitor the company's activities during that period on behalf of the USA government. If it passes, Trump would be forced to sign the law himself, as he would be unable to separate the popular defense bill from the ZTE sanctions.

Acacia Communications Inc's supply agreement with ZTE Corp will remain suspended until the U.S. Department of Commerce implements its recent settlement with the Chinese firm, the U.S. company said on Tuesday. "We need to solve the larger puzzle of trade and national security in addition to the enforcement action for the violation of sanctions". The intelligence community suspects the company's devices are mechanisms for espionage that can be remotely tracked and used to steal intellectual property.

Cotton and Rubio, along with Sen. But the Trump administration and the Commerce Department later announced a deal struck with ZTE that would again allow it to access US-manufactured parts.


ZTE, which is based in Shenzhen, is China's second biggest telecoms maker.

Commerce Secretary Wilbur Ross was on Capitol Hill on Monday evening to speak with senators behind closed doors about the details of the ZTE deal, in a meeting that began shortly after the decision to include the amendment blocking the president's deal was announced. Rubio supports the new language in the defense bill.

Republicans hoping to avoid a direct clash with the White House over the ZTE deal are eyeing that reconciliation process to mitigate the Senate's latest step.

The measure is being included as part of a package of changes agreed upon by committee leaders, meaning that the Senate is likely to include it as part of the defense bill later this week. It would block the deal by retroactively reinstating financial penalties and upholding the ban on ZTE selling products to the USA government. Then the full bill will have to pass, and be merged with a version that passed the House earlier this year.

"We're just continuing the conversation", said Sen. A bipartisan amendment has been added to the upcoming "must-pass" National Defense Authorization Act, one that would put the ban back into place. "I want to keep the conversation going".



Other News

Trending Now

Rose McGowan Indicted for Felony Cocaine Possession
Later that year an arrest warrant for McGowan surfaced, shortly after she publicly accused Weinstein of raping her. McGowan was not present in the courtroom and will not attend her trial Tuesday, local radio station WTOP reported.

Super Eagles land in Russian Federation
They donned white hats with green ribbons to complement the elegant design on their white garments. In the last edition of the FIFA World Cup, Nigeria were knocked out by France in Brazil.

E3 2018: Devolver Digital Announce Metal Wolf Chaos XD
Not only was this FromSoftware game only released in Japan upon its initial debut, but it was a Japanese only Xbox exclusive. From Software's classic game about American mecha technology is coming to PS4, Xbox One, and PC later this year.

Stores Added in Multi-State Salmonella Outbreak That Includes Illinois
Indianapolis , In . - Precut melon connected to a salmonellosis outbreak may have come from an Indianapolis produce supplier. Each of their products contained at least one melon produced at the company's facility in Indianapolis , Indiana.

What Court Docs Reveal About Angelina Jolie and Brad Pitt's Custody Case
While in Pitt's care, Jolie is only allowed to call the children one time per day and at a time agreed upon by both parents. The primary custody loss could happen if the Changeling star doesn't attempt to improve her relationship with Pitt .

Justify Captures Triple Crown With Win at Belmont
Sent off as the 4-5 favorite, Justify ran the longest race of the series in 2:28.18 and paid $3.60, $3.50 and $2.80. Justify's hall-of-fame trainer Bob Baffert said the win was meant to be. "I was like, 'Oh, Mike".

Greece, FYROM achieve deal on name change
The new name, Republic of North Macedonia-Severna Makedonija in Macedonian-should resolve the conflict once and for all. The dispute has poisoned relations between the two neighbors since Macedonia's independence from Yugoslavia in 1991.