US Lawmakers Propose Crackdown on Chip Tool Sales to China (1)

US lawmakers unveiled legislation that seeks to crack down on exports of chipmaking tools to China, especially from allies including the Netherlands and Japan, in a bipartisan effort to help Washington further constrain Beijing’s technology ambitions.

The draft bill, introduced in the House on Thursday, would strengthen existing restrictions on semiconductor manufacturing equipment sales from firms like ASML Holding NV and Tokyo Electron Ltd. A companion version is expected to be released in the Senate later this month, according to people familiar with the matter.

The goal is to subject these companies to the same, tougher curbs their American ...