Biden Signs Law Stopping Huawei, ZTE from Getting Equipment Licenses

U.S. President Joe Biden signed legislation to prevent companies like Huawei Technologies Co. or ZTE Corp that are deemed security threats from receiving new equipment licenses from U.S. regulators. The Secure Equipment Act, the latest effort by the U.S. government to crack down on Chinese telecom and tech companies, was approved unanimously by the U.S. Senate on Oct. 28 and earlier in the month by the U.S. House on a 420-4 vote.

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