In the same year that public furor derailed a Dubai-owned company's plans for buying American port operations, the Bush administration has reviewed nearly 100 foreign business deals for security risks, up from 65 last year. The secretive Committee on Foreign Investment also completed seven full-blown investigations this year, which is equal to the combined number for the previous five years. Reportedly, some anxious companies are seeking approval even for foreign deals without obvious security questions.
December 12, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In the same year that public furor derailed a Dubai-owned company’s plans to buy and run operations at major American ports, the number of foreign business deals reviewed by the Bush administration for U.S. security risks surged to nearly 100, up from 65 reviews last year.
A few anxious companies in deals pending with foreigners have sought the Bush administration’s approval even for sales that do not raise obvious security questions, said lawyers and federal officials involved in these cases.
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