👍🏻👍🏻 the ZTE Enforcement Review and Oversight (ZERO) Act 👍🏻👎🏻
This bill, the ZTE Enforcement Review and Oversight (ZERO) Act, would ensure that Chinese telecom company ZTE complies with all the conditions of its deal with the Trump administration to lift a previously imposed seven-year ban on exports of U.S. components to it. If the Commerce Secretary can’t regularly certify ZTE’s full compliance with its deal and relevant U.S. export controls and sanctions laws to Congress, last year’s original “crippling punishments” would be reinstated against the company, and ZTE would be required to immediately repay the $400 million currently held in escrow with the Dept. of Commerce as part of its settlement agreement.
ZTE has repeatedly acted in bad faith, and it’s important to ensure that there are consequences for the company if it does so again. By maintaining the threat of crippling sanctions, this bill would help ensure ZTE complies with the agreement it reached with the Commerce Dept.
SneakyPete..... 👎🏻👎🏻ZTE👎🏻👎🏻. 5*10*19.....