POLITICS_ Senators Introduce Bill Restricting Huawei From Buying, Selling U.S. Patents

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POLITICS

Senators Introduce Bill Restricting Huawei From Buying, Selling U.S. Patents

Legislation comes as the Chinese telecom giant seeks patent-licensing fees from Verizon


Huawei Founder Quantifies Potential Impact From U.S. Clampdown
Speaking at an event at Huawei's headquarters, founder Ren Zhengfei said he expects company revenue to decline by about $30 billion over the next two years in the wake of U.S. actions against the Chinese tech giant. Photo: Getty Images


By Sarah Krouse and Kate O’Keeffe
Updated July 18, 2019 4:09 pm ET


Republican senators introduced legislation on Thursday aimed at blocking Huawei Technologies Co. from buying or selling U.S. patents in the latest action by Washington targeting the Chinese telecom giant.

The bill sponsored by Sens. Marco Rubio (R., Fla.) and John Cornyn (R., Texas) seeks to enable the federal government to block companies on a U.S. government trade blacklist from buying, selling or exclusively licensing U.S. patents, according to draft text reviewed by The Wall Street Journal.

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READ MORE: https://www.wsj.com/articles/senators-to-introduce-bill-restricting-huawei-from-buying-selling-u-s-patents-11563463179


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