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Hensarling: House CFIUS Bill Consistent with President’s Call to Action on Foreign Investment
Washington,
June 27, 2018 -
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued this following statement today in response to President Trump’s announcement that the Administration will use the Committee on Foreign Investment in the U.S. (CFIUS) to examine and take any needed action regarding foreign investments:
The President is right to focus on CFIUS as the appropriate tool to target investments that may undermine our national security. Yesterday, the House passed a comprehensive CFIUS reform bill by an overwhelming vote of 400-2. This legislation focuses on the actors and assets that we all are most concerned about, while also maintaining the United States’ openness to benign foreign investment. The decisive vote by the House on its CFIUS bill is a clear signal from Congress, and consistent with the President’s call to action. We should waste no time in ensuring its provisions are enacted into law.
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