U.S. Senate to vote on Bain hiring rules next week

The U.N. General Assembly is set to vote Wednesday on a measure that would bar any foreign investment company from hiring U.s. government employees.

The Senate is expected to vote Thursday on the bill, which was proposed by Republican Sens.

Lindsey Graham of South Carolina and Bob Corker of Tennessee.

It would require that any foreign company seeking to gain access to government contracts be approved by the U.n.

General Advisory Committee, a group of five permanent members of the General Assembly.

The bill, if approved by both chambers, would take effect by April 6.

The measure is backed by the Chamber of Commerce, which has argued that foreign governments will be able to make decisions based on their own values and will be unlikely to give preferential treatment to U.-siders.

The Chamber said in a statement Thursday that it was disappointed by the bill.