Summary
The article "Overhaul cleared for review panel" (Nation, Thursday) highlighted some but not all of the problems with the recently passed Senate bill to restrict foreign investment.
S. 3549 seeks to change the Committee on Foreign Investment in the United States (CFIUS), a body of representatives from federal agencies that reviews foreign acquisitions of U.S. companies for national security implications. Among the bill's poorly conceived provisions is one to require that governors and members of Congress from the home state and district be notified of foreign investments under review by CFIUS. These reviews are now confidential. This will encourage domestic investors to gain in the political arena what they lose in the competitive marketplace. It is ironic in a year that has witnessed charges of political corruption that the Senate would pass a bill creating numerous new circumstances for at least the appearance of such corruption.See the full content of this document
Extract
Time to Reform Cfius
In addition, S. 3549 would tilt the playing field by creating a separate ap...
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