US President Joe Biden on Thursday signed legislation to prevent companies like Huawei Technologies Co. or ZTE Corp that are deemed security threats from receiving new equipment licences from US regulators. The Secure Equipment Act, the latest effort by the US government to crack down on Chinese telecoms and tech companies, was approved unanimously by the US Senate on October 28 and earlier in the month by the US House on a 420-4 vote. The signing comes days before Biden and Chinese leader Xi Jinping are expected to hold a virtual summit. Reuters reported the meeting is expected Monday, amid…