S&P 5007,408.30▼1.2% Nasdaq25,137.69▼2.1% Dow51,711.65▼1.0% Russell 2K2,940.16▼0.7% 10-Yr4.70%+5bp VIX18.70+2.06 WTI$92.23▲6.2% Gold$4,051.10▼2.3% EUR/USD1.138▼0.2% BTC$65,118▼1.5% Nikkei66,116▼0.2%
At close · Thu, Jul 23, 2026
Daily Market Updates.

Global Markets

HomeGlobal MarketsTrade & TariffsUS Senate advances bill to bar Chinese connected vehic…

US Senate advances bill to bar Chinese connected vehicles from roads

The bill would block connected cars when a manufacturer is more than 15.0% owned or controlled by Chinese entities, and it targets both hardware and software used in covered vehicles.

South China Morning Post reports that a bipartisan effort in the US Senate to codify and expand restrictions on Chinese connected vehicles has advanced, despite concerns that the scope could affect non-US automakers and raise costs for American electric-vehicle producers.

The Senate Committee on Commerce, Science, and Transportation moved the Connected Vehicle Security Act of 2026 forward. The measure would prohibit the import, manufacture, and sale of connected vehicles linked to China and other foreign adversaries, and it would restrict covered vehicle software and hardware on national security grounds.

The legislation would also ban vehicles made by companies with significant Chinese ownership. Under the bill, a connected vehicle could be barred if its manufacturer is more than 15.0% owned or controlled by a Chinese entity or a combination of Chinese entities.

According to SCMP Economy, the push reflects two longstanding US anxieties, the auto industry’s concern about being undercut by Chinese competitors, and national security officials’ concern over the amount of data connected cars can send back to Beijing.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.