If I read the bill correctly, any entity with an at least 20% chinese ownership stake (by a person or company) falls under this law...
What are the other 2nd and 3rd order effects of this?
What are the other 2nd and 3rd order effects of this?
Covered countries are here: https://www.law.cornell.edu/definitions/uscode.php?width=840...
In theory, this could be used more broadly. Not a lawyer, but there's a reading that it would give a president the ability to unilaterally force divestiture in companies that have as little as a "choose your username for your online account" functionality. It's unlikely to affect B2B supply chains, though. Presidents have many existing tools at their disposal anyways if they want to disrupt those.