Congress Wants to Drop the Hammer on ZTE Should It Mess Up
A new bipartisan bill in the Senate would see ZTE smacked with heavy fines if it were to violate its settlement agreement with the U.S. ZTE reached an accord with the U.S. earlier this year over its skirting of prior settlement agreements. The company paid a hefty fine and agreed to put an additional $400 million in escrow, as well as replace most of its management. The deal was largely brokered by the Trump administration and allowed ZTE to resume business operations after the U.S. government banned it from using U.S.-made hardware and software. Despite support from the Trump administration, the deal was not popular among some members of congress. That’s why three Republican and three Democratic senators introduced a bill this week that would cause ZTE to forfeit the $400 million in escrow if it violates its new agreement. The authors of the bill want to see reports from ZTE concerning its compliance every 90 days. "This bipartisan legislation would ensure that if ZTE once again violates trade restrictions or its agreement with the U.S., it will be held accountable in a significant, painful way," said lead sponsor of the bill, Senator Mark Warner, who also serves on the Senate Intelligence Committee. The bill still needs to pass the Senate, the House of Representatives, and be signed by the President before it could be considered law.
Jun 11, 2018
ZTE's roller-coaster ride with the U.S. government has taken another turn.
Jun 19, 2018
The Senate approved legislation that would see the ban against ZTE remain in place. The chamber on Monday voted in favor of the National Defense Authorization Act (NDAA), a bill passed by the Senate every year.
May 16, 2018
Democrats in the Senate forced a vote on net neutrality today and walked away victorious. Members of the Senate voted 52-47 to retain the net neutrality regulations put in place by the Obama administration that were later nixed by the FCC.
Jul 20, 2018
Senators have overturned an agreement added to the National Defense Authorization Act, or NDAA, that would have made it more difficult for President Trump to remove the ban instituted against ZTE. Earlier this year, the Commerce Department said ZTE lied about a previous settlement and banned the company from using American parts or software in its phonres for a period of seven years.
Jun 20, 2018
ZTE will be the topic of discussion at a meeting today between President Trump and members of the Senate and House of Representatives, reports Reuters. Trump wants to talk about the "problematic" amendment made to the National Defense Authorization Act (NDAA) earlier this week, which will keep certain sanctions against ZTE in place.