Legislators call for more scrutiny on Chinese investment in US
Treasury committee can advise the president to block foreign deals based on national security
From the South Florida website: Following a record year of Chinese investment in the U.S., Republican and Democratic lawmakers are calling for more federal scrutiny of future deals.
Encouraged by President Donald Trump’s campaign promises to raise import duties on Chinese goods, legislators are pushing to strengthen the Committee on Foreign Investment in the U.S., or CFIUS, according to the Wall Street Journal. The president’s administration is looking to give the committee more authority to reject technology deals, the newspaper reported. [more]