The bill will allow the U.S. to sanction Hong Kong and Chinese officials accused of human rights abuses and undermining the autonomy of the territory.
Pro-democracy candidates swept the board in local council elections this weekend, winning almost 90 percent of seats.
An 18-year-old protester was shot by a police officer during clashes on Tuesday—the first time an activist has been hit by live ammunition.
An editorial in the state-run China Daily said Beijing would not allow the U.S. to interfere in what it called its "internal affairs."
The Hong Kong chief executive bowed to months of pressure and withdrew the controversial bill on Wednesday.
The woman stood between clashing police and activists during violent protests on Saturday in the northwest of the territory.
This Hong Kong district court verdict has turned a "semi-democratic city into a semi-authoritarian city," Wong said.
"I just hope people can be the master of their own houses," Wong told Newsweek. "The sense of belonging in Hong Kong motivates me to continue in this battle."
Wong was 17-years-old when he led tens of thousands in Hong Kong's 2014 pro-democracy movement.
Protesters fear 'Chinese methods' will be applied In Hong Kong
The protests have been met by plenty of authoritarian rhetoric from the government
The three co-founders of Occupy Central have said they will hand themselves in to police tomorrow
The media have seized on Joshua Wong, 17, one of the leaders of the pro-democracy protests in Hong Kong as a counterpoint to China's Communist Party.