The Daily Beast

Loeffler Ran on This Bill. Too Bad She Didn’t Vote for It.

Bill Clark/CQ-Roll Call/Getty

Politically speaking, Senate Bill 945 was a perfect weapon for Sen. Kelly Loeffler (R-GA) in the midst of a hard-fought campaign.

The legislation, dubbed the Holding Foreign Companies Accountable Act, would require foreign companies listed on U.S. stock exchanges to regularly open up their books to auditors and U.S. investors—or else get booted from those exchanges. The clear target of the legislation was China, where companies invoke state security laws to avoid sharing potentially revealing information about the full scope of Beijing’s economic influence.

Loeffler, who came into office just months before the coronavirus hit the U.S. and inflamed anti-China sentiment in the GOP, quickly adopted hawkish views toward China as she competed for conservative votes against Rep. Doug Collins (R-GA) in Georgia’s crowded special election.

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