Delisting Chinese Firms Gains Traction in Washington

The widening economic tussle between the U.S. and China now involves audits of public companies. A bill that easily passed in the U.S. Senate, and is now under consideration in the House, could force major Chinese companies to stop selling their shares on the New York Stock Exchange and Nasdaq. The bill advanced with speed and unanimity not normally seen in Washington, underscoring the depth of conviction in both parties about confronting China.