US Senate, House panels OK bills to tighten foreign investment oversight

US Senate, House panels OK bills to tighten foreign investment oversight

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/23/us-senate-house-panels-ok-bills-to-tighten-foreign-investment-oversight.html

Committees in the U.S. Senate and the House of Representatives voted on Tuesday to approve bills aimed at tightening oversight of foreign investment to slow China's acquisition of sensitive U.S. technology.

The Senate Banking Committee and the House Financial Services Committee approved laws that would strengthen the Committee on Foreign Investment in the United States (CFIUS), which reviews potential foreign investment to ensure it does not compromise national security.