Re: Is it wrong to be in favour of this?
Nord Stream 2 runs from Russia to Europe. A law saying "US companies cannot be involved in construction" of a pipeline in which they are not involved, might fool you, but didn't fool anyone else:
https://www.bloomberg.com/news/articles/2019-12-18/u-s-concedes-defeat-on-nord-stream-2-pipeline-officials-say
"USA is a democracy , China aint"
Watch and learn how that pans out.