Congressional Republican leaders are trying a "Hail Mary" toss to enact legislation this year that would revamp the controversial Committee on Foreign Investment in the United States, the multi-agency panel charged with reviewing foreign-U.S. deals. In response to stonewalling by Democratic lawmakers, GOP leaders are trying to short-circuit the resistance, say sources, by voting on a House version of the CFIUS legislation, which is less stringent than the measure already passed by the Senate.
September 20, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Congressional Republican leaders are trying a “Hail Mary” toss to enact legislation this year, revamping the government committee that guards against national security risks that could be posed by takeovers of U.S. companies by foreign buyers.
The legislation would change the controversial Committee on Foreign Investment in the United States, or CFIUS, which is the multi-agency panel charged with reviewing foreign-U.S. deals.
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