Senator Chris Van Hollen (Photo: Reuters) |
The Hong Kong Autonomy Act, a bipartisan measure that would penalize banks doing business with Chinese officials involved in the national security law China is seeking to impose on Hong Kong. Those banks will be banned from working with US partners and restricted from US-dollar transactions.
The bill must now pass the US House of Representatives and President Donald Trump.
Democrat Chris Van Hollen said the bill is a clear message that there will be consequences if China violates Hong Kong’s autonomy.