Re:The 'Insanely Broad' Restrict Act Could Ban Much More Tha...
by JumpCrisscross on Thursday March 30, 2023 @04:01AM
(#35369508)
> Why does it seem like the snowball has only just started rolling?
Media circus. The obvious endgame isn’t banning, it’s divestment. This happens all the time with critical infrastructure. We’re getting full-press coverage because it’s a social media asset and China fears are a bipartisan winner.
To the extent this isn’t purely messaging, it would involve a strengthened Cfius. Not the power to randomly ban, but to ban acquisition and investment. (Even this draft bill targets transactions.)
Media circus. The obvious endgame isn’t banning, it’s divestment. This happens all the time with critical infrastructure. We’re getting full-press coverage because it’s a social media asset and China fears are a bipartisan winner.
To the extent this isn’t purely messaging, it would involve a strengthened Cfius. Not the power to randomly ban, but to ban acquisition and investment. (Even this draft bill targets transactions.)