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VisitU.S. House to Vote on $3 Billion to Remove Huawei, ZTE Equipment Due to Security Risks
Dec 8, 2024, 09:50 AM
The U.S. House of Representatives is set to vote next week on an annual defense bill that includes just over $3 billion to help U.S. telecom companies remove equipment made by Chinese firms Huawei and ZTE from American wireless networks. This funding aims to address security risks associated with the equipment. The bill also requires a report on Beijing's efforts to bypass Washington's national security norms.
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Markets
Yes • 50%
No • 50%
Publication of the report by the U.S. government or relevant committee
No • 50%
Yes • 50%
Official voting results published by the U.S. House of Representatives or major news outlets
No • 50%
Yes • 50%
Official Senate voting records or major news outlets
No official response • 25%
Economic retaliation • 25%
Diplomatic engagement • 25%
Condemnation • 25%
Official statements from Chinese government or major news outlets
Approved • 33%
Deferred • 34%
Rejected • 33%
Official voting results published by the U.S. House of Representatives or major news outlets
Other uses • 25%
Telecom infrastructure upgrade • 25%
Compensation to telecom companies • 25%
Security enhancements • 25%
Reports from the U.S. government or telecom companies