To better insulate the U.S. from state-sponsored investments that might be used as foreign policy tools, a Treasury Department official says the agency will make use of newly strengthened oversight powers as well as international agreements.
“At Treasury, we have been increasingly focused on sovereign wealth funds for more than a year now,” Under Secretary for International Affairs David H. McCormick told the Senate Banking Committee.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]