Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

U.S. House Passes Bill Aimed at Supporting Hong Kong Protests

Published 15/10/2019, 21:19
Updated 15/10/2019, 21:50
U.S. House Passes Bill Aimed at Supporting Hong Kong Protests

(Bloomberg) -- The U.S. House gave support to pro-democracy protesters in Hong Kong by passing a measure that would require an annual review of whether the city is sufficiently autonomous from Beijing to justify its special trading status under U.S. law.

The Hong Kong Human Rights and Democracy Act is one of four measures getting a House vote on Tuesday. The bill also provides for sanctions against officials “responsible for undermining fundamental freedoms and autonomy in Hong Kong.”

A similar bill is also before the Senate, though the timing of a vote there remains uncertain. The legislation has bipartisan support in both chambers.

Thousands of protesters gathered on Monday in Hong Kong’s central district to support the legislation, many of them waving American flags. A spokesman for the Hong Kong government “expressed regret“ over the rally calling for the U.S. legislation’s passage.

“Human rights and freedoms in Hong Kong are fully protected by the Basic Law, the Hong Kong Bill of Rights Ordinance and other legislation. The HKSAR government attaches great importance to them and is determined to safeguard them,” the spokesman said, referring to the Hong Kong Special Administrative Region.

‘Grossly Interferes’

The Chinese government opposes the Hong Kong Human Rights and Democracy Act, H.R. 3289, saying that it “grossly interferes in China’s internal affairs.”

“China strongly urges certain people in the U.S. Congress to grasp the situation, immediately stop advancing the bill regarding Hong Kong and interfering in Hong Kong’s affairs to avoid further damaging China-U.S. relations,” said Geng Shuang, a spokesman for the Chinese Ministry of Foreign Affairs.

The House also passed H.Res. 543, a resolution reaffirming the relationship between the U.S. and Hong Kong, condemning Chinese interference in the region and voicing support for protesters, some of whom have visited Capitol Hill in recent weeks.

The House plans to vote Tuesday on the Protect Hong Kong Act, H.R. 4270, which would halt the export to Hong Kong of crowd-control devices such as tear gas and rubber bullets. The bill is intended to prevent police in Hong Kong from using those non-lethal weapons on protesters.

The House will also vote on a resolution introduced by Foreign Affairs Committee Chairman Eliot Engel and top Republican Michael McCaul, which commends the Canadian government for starting extradition proceedings in the U.S. case against Huawei executive Meng Wanzhou. The resolution, H.Res. 521, also calls for the release of two Canadian nationals and due process for a third sentenced to death for drug smuggling.

Republican Senators Rick Scott, Ted Cruz and Josh Hawley visited Hong Kong over the two-week congressional recess that ended Tuesday. Hawley met with local pro-democracy activist Joshua Wong and got into a back-and-forth with Hong Kong Chief Executive Carrie Lam. Hawley said on Twitter that he called Hong Kong a “police state” on purpose “because that is exactly what Hong Kong is becoming.”

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.