The House of Representatives Wednesday overwhelmingly approved changes to the Committee on Foreign Investment in the United States , the government panel that ensures that foreign acquisitions of U.S. assets do not pose national security threats. The bill would set up a less burdensome review process than one expected to be pushed in the Senate and could lead to a conflict between the two chambers before the legislation is finally enacted. The House bill is favored by Wall Street and U.S. business groups.
March 02, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The House of Representatives Wednesday overwhelmingly approved changes to the government panel charged with ensuring that foreign acquisitions of assets in the U.S. do not pose national security threats.
The bill would set up a less burdensome review process than one expected to be pushed in the Senate and could lead to a conflict between the two chambers before the legislation is finally enacted.
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