White House targets China with new foreign investment authority in defense authorization law

The White House is putting its sights on China -- a known international cyber aggressor -- as it develops regulations under new authority granted by recently enacted defense authorization legislation that strengthens the administration's ability to block foreign investments based on national security concerns.

“This new authority will enhance our ability to protect cutting-edge American technology and intellectual property vital to our national security,” President Trump said Thursday at a White House meeting with lawmakers who worked on drafting the...