The House Financial Services Committee Wednesday approved changes to a secretive panel that reviews foreign-U.S. deals for national security concerns. The bill, however, is modest when compared with a rival version pending in the Senate.
Lawmakers voted 64-0 to approve changes to the Committee on Foreign Investment in the United States, an interagency panel that reviews deals for national security concerns. Momentum for an overhaul crested earlier this year, when CFIUS initially cleared Dubai-controlled DP World to acquire operations at six U.S. ports. DP World backed down amid an uproar and agreed to sell its operations here to a U.S. entity.
