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House testimony splits over bill to penalize foreign seizures of U.S. assets
Summary
H.R.70‑84, the Defending American Property Abroad Act, would allow the president to bar vessels that called at ports that unlawfully seized American property; supporters called it a needed protection for U.S. firms, while critics said it would unduly expand Coast Guard duties and could raise costs for Americans.
Representative Ezell, sponsor of H.R.70‑84, summarized the bill as a targeted measure to hold governments in the Western Hemisphere accountable when they nationalize or seize American assets, giving the president authority to deny entry to vessels that called at offending…
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