VCs argue that their backers don't pose a threat to America. Investors in venture funds generally receive information on the financial performance of their private stock holdings, not technology secrets. VCs say the bill overreaches and will make their case directly to lawmakers this week. Meetings are scheduled Thursday with members of the Senate Banking Committee and the House Financial Services Committee, including Sens. Mike Crapo of Idaho, Brian Schatz of Hawaii and Thom Tillis of North Carolina, as well as Rep. Sean Duffy of Wisconsin.

Source: Los Angeles Times May 16, 2018 20:37 UTC