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Legislation introduced by Senate Banking Committee Chairman Richard Shelby, R-Ala., that would strengthen the Committee on Foreign Investments in the United States was removed from a must-pass defense bill on Tuesday. The measure would have required CFIUS to submit its findings and recommendations to key congressional committees, consider energy and economic security when reviewing mergers between U.S. and foreign companies, and submit quarterly reports to Congress on all reviews.
November 17, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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