WASHINGTON, Dec 1 - The U.S. House ofRepresentatives is expected to pass legislation this week thatcould prevent some Chinese companies from listing their shareson U.S. exchanges unless they adhere to U.S. auditing standards,congressional aides said on Tuesday. The House is scheduled to vote on Wednesday evening on "TheHolding Foreign Companies Accountable Act," which barssecurities of foreign companies from being listed on any U.S.exchange if it has failed to comply with the U.S. PublicAccounting Oversight Board's audits for three years in a row. Aides said there is bipartisan backing for the measure.Measures taking a harder line on Chinese business and tradepractices generally pass Congress with large margins. The bill, sponsored by Republican Senator John Kennedy andDemocratic Senator Chris Van Hollen, passed the Senate in May byunanimous consent, so House passage would send it to the WhiteHouse for President Donald Trump to veto or sign into law. White House aides did not respond to a request for commenton the president's plans, but congressional aides said they didnot expect the president would object to the measure. Trump is astrong critic of China's business practices. The measure also would require public companies disclosewhether they are owned or controlled by a foreign government. The bill would give Chinese companies like Alibaba, China Telecom Corp Ltd and China Mobile Ltdthree years to comply with U.S. rules before beingremoved from U.S. markets. REUTERS
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